So the lake has been lowered does it mean flood insurance on Smith Lake will be lower?

Smith lake Alabama flood insurance

Flood insurance in the Smith Lake Alabama can have a wide range. Areas closer to the water may have higher rates and elevated properties might have cheaper rates on flood insurance in Alabama.

So what happens when the lake is lowered?

 

When it comes to flood insurance in Alabama or really any where rates are based on 12 months. This locks a rate in no matter what happens during that 12 months.

It's very common for lakes to be lowered in Alabama during the winter months so people can work on their docks.

year 1 photo

So will this lower flood insurance in Alabama?

Generally the only way this might lower the flood insurance is if the lowering is permanent. This could be something like draining a lake.

So if this is not going to help what can you do to lower flood insurance on Smith Lake?

One way is by verifying the flood zone. Almost every week we speak to someone on Smith lake that is listed in the wrong flood zone.

So let's say you are in a high risk flood zone like flood zone A and you should be in flood zone X.

What could the impacts be on flood insurance?

  1. Mandatory requirement removed
  2. Standard to preferred rate

If you are moved from a flood zone A to flood zone X then it is possible that your bank will no longer require flood insurance. This could really help with property value if it is no longer required.

The next thing that could help is going from a standard flood rate to a preferred rate. This could be the difference in $500 to $1000 a year.

In this situation you are generally going from a mandatory to a non mandatory flood zone.

So if you have further questions about how to lower flood insurance rates in Alabama then click here. Want to learn more about flood insurance and flood education then make sure to check out our YouTube channel where we do our daily flood education videos.

Remember we have an educational background in flood mitigation. This means we are here to help you understand flood insurance, flood risks, and mitigating your property long term.

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Chris Greene

Author

Chris Greene

President of The Flood Insurance Guru
M.S. in Emergency Management with a focus in Flood Mitigation
flood@communityfirstagency.com

2019 and 2020 has brought some serious flood threats to Alabama during the winter months. 

So today we will look at the following

  1. Why the flooding occurred
  2. Impacts on insurance
  3. What to expect in 2021

 

Why Flooding Happened

Alabama received a large amount of rainfall in 2019 and 2020. As a result then water tables were full for a long time. According to WAAY 31  rain continued to fall there just wasn't anywhere for the water to go.

 

Even the power companies through out Alabama had a hard time managing the amount of water coming through the state. Water levels on the Tennessee River, Lake Logan Martin, Smith lake, and Weiss lake set records.

Some people on Weiss lake had total losses to their properties as a result of flooding.

In Muscle Shoals Alabama Nathan estate residents lost everything to flooding. This area was not even in a special flood hazard area so many people did not have flood insurance.

As a result they had to depend on disaster assistance to help them which is a very little amount of money.

Since this flooding in 2019 and 2020 hit it has caused a ripple effect when it comes to private flood insurance options.

Some carriers are not currently writing flood insurance in certain parts of North Alabama and East Alabama.

As a result many property owners have had to find either get a higher private flood insurance option or go back to the National Flood Insurance Program.

What to Expect in 2021

So can we expect the same thing to happen in 2021?

It's important to make sure to have flood insurance in place if this flooding was to occur again.

However 2021 is bringing some different challenges with it. Unlike 2019 and 2020 the water tables are not nearly as high as they were. This will allow for more water absorption, less runoff, and better water management by local watersheds.

This doesn't mean that winter flooding won't occur in Alabama in 2021.

So what can you do to be prepared if this flooding does occur?

As we mentioned making sure your have your Alabama flood insurance in place is the first step.

Waiting until the end of January to try to do this is a bad idea.

Almost all flood insurance companies have wait periods. This is the time frame between when a policy is issued and when a claim would be covered.

 

The National Flood Insurance Program generally has a 30 day wait period. Private flood insurance companies can range from 1 day to 15 days.

Flood Insurance Options

So what flood insurance options are available in Alabama?

As we have mentioned before you have the National Flood Insurance Program and you have private flood insurance companies.

One is backed by the government and one is backed by private flood insurance companies.

It's important to understand that National Flood Insurance Program should be the same price no matter where you get it from, but private flood insurance will widely range on price.

Each private flood insurance carrier has their own rating model so coverages and pricing are unique. If you want to learn more about your options then click here.

You can also check out our YouTube channel where we put our daily flood education videos.

Remember we have an educational background in flood mitigation. So we are here to help you understand your flood insurance, flood risk, and mitigating your property long term.

 

Contact Us

 

Chris Greene

Author

Chris Greene

President of The Flood Insurance Guru
M.S. in Emergency Management with a focus in Flood Mitigation
flood@communityfirstagency.com

 

What is flash flooding?

Flash flooding is when flooding occurs pretty quickly after an event like rainfall and goes away quickly.

So imagine this you are sitting in your car waiting on traffic on 280 and it starts raining. Well if you live somewhere like the Hoover area this could be a long wait. So you have been sitting there for about 30 minutes next thing you know the water around you starts rising. You look down and water starts coming in your vehicle.

Alabama Flash Flooding

Well what do you do?

You have to exit your vehicle to safety. So you get to the top of the vehicle. As you sit there and wait for help you think how did that happen so fast?

This is exactly what flash flooding is and how fast it can happen in the Birmingham area. This is normally what catches people by surprise.

People in the Vestavia and Pelham area experience this often when it rains.

These waters can rise very quickly and become very dangerous. So many people each year lose their lives to flash flooding because it happens so fast.

It can also be very destructive to properties. Just ask the residents of the Saint Louis area who just suffered some major property losses as a result of flash flooding.

So we have talked about what flash flooding is and if it is dangerous.

So is flash flooding in Alabama covered by flood insurance?

Let's look at what FEMA defines a flood as. According to FEMA a flood is when either 2 or more properties are inundated with water or 2 acres or more.

So in the situation we discussed about Saint Louis yes flood insurance should cover some things. However there are many situations where flash flooding doesn't meet this definition and coverage is not available.

So if you have further questions about flash flooding and flood insurance coverages in Alabama then make sure to visit our website.

You can also check out our daily flood education videos on our YouTube channel or check out our podcast.

 

Remember we have an educational background in flood mitigation so we are here to help you understand your flood risks, flood insurance, and mitigate your property long term.

 

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Chris Greene

Author

Chris Greene

President of The Flood Insurance Guru
M.S. in Emergency Management with a focus in Flood Mitigation
flood@communityfirstagency.com