Spring flooding is not a new concept in the United States, but the severity of the flooding that has been forecasted for the coming season is unprecedented. All you have to do is take a look at the catastrophic water flow that devastated numerous midwest communities along the Missouri River recently to know that this is true.
According to current estimates, the recent flooding along the Missouri River has caused over $1.5 billion worth of damage to small Missouri towns. Mary Erickson, deputy director of the National Weather Service, told reporters that this is simply a “…preview to what we expect through the rest of the spring…The stage is set for record flooding from now through May.”
Floods have more of an impact than simply ruining some furniture in your home, though we are in no way trying to downplay the devastation that comes with a flooded house. That being said, it is important to understand the broader picture of what is at stake if these kind of floods can’t be mitigated.
When major flooding threatens a specific region, like what is happening all the Missouri river now, crops can be completely destroyed, livestock can be killed or displaced and major modes of transportation (like railways) can be put out of commision. The ramifications of a major flood season are felt across the country, not just in the area in which the flooding occurs.
Edward Clark, director of the U.S. National Water Center in Tuscaloosa, Alabama spoke with the Insurance Journal about the flood risk that is facing much of the United States right now. “More than 200 million people and two-thirds of the 48 contiguous states are at risk for flooding in their communities,” said Clark, “At least 13 million people could face major flooding, he said.”
2018 was the third-wettest year on record in the United States. When you couple that with the fact that the 48-contiguous states just experienced the wettest winter on record, the flooding issue facing the country comes into alarming focus.
While you can’t change the weather, you can make sure you are prepared with the proper insurance policies! If you have any questions about your current policies, or want to inquire about a new one, we encourage you to reach out to TGS Insurance at www.tgsinsurance.com.