Flood Insurance in Anchorage, Alaska

A lot of homeowners don't realize their standard policy doesn't cover flood damage, and some simply don't think it could happen to them. Before you decide whether flood insurance makes sense for you, consider this:

• Floods are the nation's #1 natural disaster.
• Anyone can be financially vulnerable to floods. People outside of high-risk areas file over 20% of NFIP (National Flood Insurance Program) claims and receive one-third of disaster assistance for flooding.
• In high-risk (SFHAs) areas, conservative estimates show that only one-third to one-half of residents have flood insurance. In these areas there is a 26% chance of flooding over a 30 year period, while there is about only a 10% chance for a fire.
• For a number of flood disasters in the past few years, only 10 to 20% of the victims in SFHAs had flood insurance coverage. The remaining 80 to 90% had to rely on taxpayer-funded Federal disaster assistance, low-interest loans, tax write-offs or savings to help them recover.

Source: floodsmart.gov

A flood policy protects you in two ways:

1. Building Coverage: Covers the structure itself, foundation, electrical, plumbing, central air, appliances, permanently attached flooring, and more.
2. Contents Coverage: Covers what's inside, clothing, furniture, electronics, window coverings, portable appliances, rugs, and more.

Have questions about flood insurance? Give Alaska Service Agency a call and ask to speak with a flood specialist. (907) 337-2311

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