Hurricane Ida made landfall in Louisiana on August 29, 2021, the same day 16 years ago that Katrina made landfall. The storm just might throw another vicious punch at the Ohio Valley area as it looks to bring flooding to an already heavy hit area.

How Will Hurricane Ida Impact Western Tennessee and Kentucky?

We've already talked about the possible results of Hurricane Ida on Louisiana and what approaches the state and the federal government made sure they did to ensure that something like Hurricane Katrina won't happen this year. If you want to read on that blog, click here so you can know more about this hurricane.

Today, we want to focus on the threats of Ida to western Tennessee and Kentucky, not only when it comes to flood, but also the general impact of this weather event on the two states.

Tennessee

The Volunteer State is in the hot seat — should we say wet one — when it comes to this type of weather event. Not a week ago, a small town in Humphreys County was devastated with a huge amount of flooding due to continuous rainfall and this caused a lot of troubling numbers to come up. At least 17 inches of rain was dumped on Humphreys County and Waverly alone. This easily led to very grim results as, unfortunately, this took the lives of at least 22 people and about 50 are still missing.

How Will Hurricane Ida Impact Western Tennessee and Kentucky?

Earlier this year, we also saw Nashville find itself in shambles during the Spring season overwhelmed the city, and caused flooding due to torrential rains. Franklin had at least 9 inches of rain throughout the two-day period of the heavy rain. The floods were caused mostly by pluvial factors where the already-oversaturated soil was no longer in shape to suck in more water and lead to immense flash floods. You also have to take into account the rising of the Cumberland River due to the continuous heavy rainfall. Sadly, this flash flood event also took 9 lives in its wake.

At the time of writing, News Channel 5 reported that a lot of threats of flash flooding will be brought about by this Storm Level 5 weather event across Tennessee. This immediately prompted a flash flood watch that was issued earlier today and will expire on Wednesday, September 1st. Aside from flash floods, you also have to watch out for possible catastrophic wind gusts and tornadoes as Ida continues its course.

How Will Hurricane Ida Impact Western Tennessee and Kentucky?

It's not absurd to think that what happened back in March will repeat itself. We're expecting a very strong hurricane with Ida and it's important that you have the right protection against floods, tornadoes, or even strong winds if you live in Tennessee. If you are inclined to evacuate, make sure that you don't leave your property unprotected and ensure that you take only the safest routes as we overcome this storm.

If you want to know more about flood insurance in Tennessee especially concerning the new National Flood Insurance Program (NFIP) Risk Rating 2.0, CLICK HERE to check out our blog for it.

Kentucky

Although news and other reports say that when it comes to Kentucky, Hurricane Ida would have already lowered its intensity in comparison to the Category-4 hurricane that the state of Louisiana had to face this week. The National Weather Service (NWS) issued a flash flood warning in place as a preparation for the cold front that central Kentucky, areas like Lexington, and Louisville because once that rain starts, there's no stopping it even for a minute until the hurricane has passed to the East.

How Will Hurricane Ida Impact Western Tennessee and Kentucky?

We've seen this film before and no one liked the ending when it comes to continuous rainfall and you might even feel safer than anyone just because you're not in a flood zone or a high-risk flood zone. However, this doesn't really exempt you from any threats of flash floods. Always remember that when there's a huge amount of rain and water is no longer going in the ground, most of the time this will runoff to low-lying areas and even low-risk flood zones.

Kentucky, especially its central areas, can expect persistent showers of rain starting today up to Wednesday, September 1st. Keep in mind that even though reports would say that there are only about 2 - 5 inches of rain that the state can expect to receive, floods due to runoffs aren't out of the equation.

If you want to know more about flood insurance in Kentucky especially concerning the new National Flood Insurance Program (NFIP) Risk Rating 2.0, CLICK HERE to check out our blog for it.

Hurricane Ida

Ida immediately escalated to a Category-4 after leaving Cuba on Friday and made landfall on the 16th Anniversary of Hurricane Katrina at Louisiana and the New Orleans area specifically. Sustained winds of 150 MPH with gusty winds that go up to a Category-5. The hurricane was so intense that officials from Louisiana weren't able to order a mandatory evacuation for residents.

At the time of writing, the forecast of rainfall is significantly lower as Ida moves to the eastern coast of the country. Rainfall totals aren't expected to go higher than 6 inches as the hurricane is rapidly weakening as it goes through its course. 

Regardless, it's always better safe than sorry as even relatively small inches of rainfall can be as devastating as the heaviest rainfall. If you have questions on how to prepare and protect yourself and your property from this type of event, what your flood insurance options are in Louisiana, Tennessee, and Kentucky, or anything about floods, click below.

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Remember, we have an educational background in flood mitigation which lets us help you understand flood risks, avoid getting blindsided by weather events, your flood insurance, and mitigating your property long term. You can use the links below to call us, email us, or get a quote from us.

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The Federal Emergency Management Agency (FEMA) is rolling out changes when it comes to flood insurance rates across all states in the country. Today, we will unpack these changes coming to Tennessee and how they can impact your flood insurance in the future.

The Flood Insurance Guru | Tennessee: New Flood Insurance Risk Rating 2.0

Tennessee is known for its hot chicken, barbeque, whiskey, and country music. However, lately, the state is also hitting the news for a different reason that no one likes: flood events.

Earlier this year, Nashville went through a massive flood and with the climate becoming warmer and wetter, flood insurance in the state also becomes more expensive. We've already covered how certain additional coverage like the Increased Cost of Compliance (ICC) and when it's best to file that flood claim for the Nashville flood.

These are just examples of the flood risk that homeowners across the Volunteer State. Getting protection from flooding through flood insurance policies is a great start in making sure that you get to bounce back from flood damage however it's equally important to be up-to-date when it comes to the changes happening in the industry.

A lot of homeowners get surprised when they're moved into a high-risk flood zone or get premium increases since it's something that they weren't aware will happen in their respective communities.

Regardless if you're getting insurance from the federal government or private flood insurance companies, the landscape of the flood insurance industry is ever-changing. Today, we'll be covering the changes coming to federal flood insurance. The National Flood Insurance Program (NFIP) will be changing with the Risk Rating 2.0 happening at the latter part of this year, and we want to help you understand how this can impact your flood insurance with FEMA in the future.

Nowadays, the actual flood risk we face isn't the flood damage after the flood, but the concern of flood coverage or the lack thereof. Is it enough? Are the flood insurance premiums reasonable for the coverage you will get?

The Risk Rating 2.0 will start on October 1, 2021.

The NFIP 2.0

The Flood Insurance Guru | Tennessee: New Flood Insurance Risk Rating 2.0

The Risk Rating 2.0, or commonly known as NFIP 2.0 as well, is more of a move of equity. This update on the federal flood insurance program itself will allow you to no longer pay more than your fair share when it comes to premiums as this would now be based on the value of your property or home starting this October. 

Note, this doesn't mean that property values will be the sole determiner of the flood insurance rate you'll get with FEMA and the National Flood Insurance Program. There's a lot of things that go into this which FEMA has been researching thoroughly. Equally, you should also consider the things we'll list below because not all expensive property or high-valued homes will experience rate increases, and not all lower-valued homes will get a decrease.

These are the things that any flood insurer look into when determining the cost of flood insurance for your listed property:

  • Overall risk of flooding and flood frequencies in communities
  • Designation in the flood zone map/flood map. Is the insured property in a high-risk flood zone or low-risk flood zone?
  • Mitigation efforts such as making sure that you have enough flood openings and having your lowest floor raised higher than the base flood elevation levels in your area.
  • History of flood damage and flood loss
  • History and frequency of flood insurance claims or flood claims in the last ten years

Instead of leaving it to the companies to determine this for you, it's best to also have a great level of understanding of the actual risk that you might face since it impacts the overall flood insurance rating long term. This is why we want to help you find a better investment in flood insurance that goes beyond the policy itself

When it comes to the rate changes happening across the country, you're going to see these colors in ranges which represent these changes with flood insurance rates from FEMA. Now, each of these colors represents the good, the bad, and the ugly changes coming to each state.

The Flood Insurance Guru | Tennessee: New Flood Insurance Risk Rating 2.0

The Good

Let's start this off with some good news coming with the Risk Rating 2.0 update. We have this shown as the green portion of the graph.

The good change will impact 28% or 7,581 of the policies that FEMA has in the state. This will be in form of a significant decrease in flood insurance rates that can be more than $100 (>$1200 per year).

The decrease itself can help a lot of people who are looking to get flood insurance through the federal government and in times where risks like the March Nashville flood can be enough for private insurance carriers to back out, this decrease will be the key to easing that struggle with expensive FEMA insurance.

The Bad

Now, if there is good news, there's also bad news which is very important to note especially for Tennessee since this will take the biggest chunk in the Risk Rating 2.0 update for the state.

About 59% or 16,316 policies will be part of this bad change coming to Tennessee. This brings a crescendo of unwanted tunes when it comes to flood insurance rates since you can expect a small increase from FEMA.

The increase will range from $0 to $10 per month ($0 - $120 per year) which means that you might not even get any change with your flood insurance rates and have to stick with whatever you're paying now. This is why the range starts at the $0 mark.

The Ugly

Lastly, we want to talk about the most important portions since these will pack a punch for those impacted: the pink and grey portions. Both will bring an increase to flood insurance for those impacted however it's notable that the grey portion will have a significantly uglier change. Let's break them down.

The pink portion will impact 8% or 2,162 policies in Tennessee. This will bring an increase of $10 to $20 per month ($120 - $240 per year) for those impacted. This is why it's very much important to heed FEMA's tips on protecting yourself from flood such as installing flood vents as this also protects you from experiencing very expensive flood insurance rates.

On the other hand, the grey portion will impact the last 5% or 1,448 policies in the state. This is what we mentioned before as the uglier change since flood insurance rate increase will be more than $20 per month (>$240 per year). You might even start seeing a $100 increase on your flood insurance per month.

You can see the full graph of these upcoming changes below:

The Flood Insurance Guru | Tennessee: New Flood Insurance Risk Rating 2.0

When Will It Happen?

Now, the date when you can adopt this program really depends if you're doing a renewal or if it's a new business policy. You see, you can expect these changes to start on October 1st and you're going to adapt to these rate changes if you're buying flood insurance from FEMA on or after that date. 

On the other hand, if you're doing a renewal with FEMA after that date then you don't have to take in these new rate changes until April 1st, 2022.

So, you want to be very ready for this. We've been talking about this since last year since basically the NFIP is already 30 years old already and is in need of this change. Some would even say that the current NFIP ways are already outdated which really begs for this Risk Rating 2.0 to happen.

If you have questions on these upcoming changes, what are your flood insurance options in Tennessee, or anything about flood, reach out to us through the links below. You can also watch this on our YouTube channel.

Remember, we have an educational background in flood mitigation and we want to help you understand flood risks through education and awareness in flood insurance and preparedness.

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So you are getting ready for work in the morning and you look in the mirror.

What do you see?

You see yourself

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That might make you happy or it might not. Thats a different discussion for a different day.

Flood insurance mirrored policies work the same way. They have to resemble each other.

So in today's blog we want to answer a three questions

  1. What is a mirrored flood insurance policy
  2. How does it protect you?
  3. What is not included?

A mirrored flood insurance policy has to do with private flood insurance policies. We are talking about admitted companies and non admitted companies.

The video below explains what the difference is with these companies.

 

This is generally a private flood insurance policy that has to have the same parts as a standard flood policy with the National Flood Insurance Program. A few of the things we are talking about are listed below.

  1. Coverages just as broad
  2. Cancellation notice of 45 days
  3. Lawsuit period the same

So how does this mirroring protect you as a property owner?

It creates consistency when it comes to coverages and even when claims are paid out. After a claim is not the time to find out you don't have the right coverage or verbiage in your flood insurance policy.

So if you decide to go with one of these private companies it makes sure that it meets the banks requirements.

So what is not included in this mirroring. While this requirement does provide some consistency on the guidelines that must be followed, price is not one of them.

Price might be one of the biggest differences between these policies. While National Flood Insurance Program policies should be the same price no matter where you go, the same can not be said for private companies.

We have seen a big difference in pricing with private companies. Just this morning we had a customer in Johnson City Tennessee who got a $3000 flood insurance quote from one carrier but we were able to get him another option less than $1500.

So when you are looking at these options you want to think about that. Make sure to get at least 3 different private flood insurance options.

Want to know what your flood insurance options are available in areas like Johnson city Tennessee? Click here

Maybe you want to learn more about flood insurance or flood education then check out our YouTube channel.

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

 

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