Monday, March 23, 2009

Residents in Arkansas Should Consider Purchasing Flood Insurance

Written by: Kark 4 News
Posted by: Connie Yee

Flooding and Arkansas, unfortunately, seem to go hand-in-hand. Of the state’s past 33 Presidential disaster declarations, 22 have involved a flood. That’s two out of every three.

"Both the history of flooding in this state and the many floods throughout the midsection of our nation are reminders that flooding is a serious risk to Arkansas residents and the economy," said Federal Coordinating Officer Mike Moore of the Federal Emergency Management Agency (FEMA). “Homeowners insurance does not cover flood damage and less than one per cent of Arkansas residents and business owners have flood insurance.”

"We often can’t prevent flooding, but flood insurance can cut the financial and emotional toll,” said Arkansas Department of Emergency Management Director David Maxwell.

Low-cost National Flood Insurance Program (NFIP) coverage is available to homeowners, renters and businesses in every community in the state that participates in the program. Home and business owners can buy coverage for their buildings and contents, and renters can purchase insurance to cover personal property.