We're getting close to Thanksgiving, but something that we wouldn't be thankful for is all the rain and flooding that we are getting. This unpredictable weather has some areas of Washington for example in drought, but somehow the places that don't need rain got all of them at once.

Washington Flooding: Atmospheric River Hits Northwest

Today, we want to talk about the recent flooding that's going on around Washington County and also understand how this can impact flood insurance in the state especially with the Risk Rating 2.0 program taking place.

November Flooding in Washington

A category-5 atmospheric river hit the Northwestern region of the United States which caused a lot of flooding, especially in the Washington area. 75% of homes had water damage due to this event at the time of writing. The overall weather event raised the November amount to 6.83 inches of rainfall in Seattle alone as stated by Madie Kristell from the National Weather Service (NWS). The normal rainfall amount in the area during this month maxes at 6.3 inches.

About 500 properties in Whatcom County were displaced by severe flooding during this incident which prompted search and rescue efforts to ensure the safety of residents. At the time of writing, this flooding, unfortunately, cost a death on Highway 99 due to the mudslides happening in the area. and at least 2 persons are still missing.

Mudslides and flooding also caused a lot of trouble for commuters as the Interstate 5 highway was closed immediately after multiple reports of these mudslides and floods impacting the road conditions from the continuous heavy rain. 

Areas like Mount Vernon in Skagit County also received a flood warning just after receiving 2 to 4 inches of rain. Mount Vernon is also expected to get an increased amount of water as rainfall amounts can average 4 inches of rain in the next five days. This is also with the threat of major river flooding events in Skagit County as the Skagit River easily topped its major flood stage of 32 feet and is expected to go as high as 38 feet in the upcoming days of the week.

Although flash flood watch is canceled for Burlington, Sedro-Woolley, Mount Vernon, and Anacortes, Governor Jay Inslee continued to issue an emergency proclamation for fourteen other counties in Washington. The counties included in this emergency proclamation are as follows:

  • Clallam County
  • Grays Harbor County
  • Island County
  • Jefferson County
  • Lewis County
  • King County
  • Kitsap County
  • Pierce County
  • Mason County
  • San Juan County
  • Skagit County
  • Snohomish County
  • Thurston County
  • Whatcom County

These severe weather conditions also caused a lot of problems in the power infrastructure. As of 9:30 PM yesterday, at least 70,000 residents lost power in the Washington area.

Right now, we might even see widespread flooding in areas that are new the Ferndale downstream and the Skokomish River which at 16.5 feet can cause a lot of water to go into pasture lands to West Bourgault Road.

How This Impacts Flood Insurance

Federal Flood Insurance

We're currently moving into fully adopting the new Risk Rating 2.0 program from the Federal Emergency Management Agency (FEMA) and the National Flood Insurance Program (NFIP) and although we're still in the first phase which mostly impacts new business flood policies, it's still important to note that everyone that has flood insurance through the NFIP will still get impacted by this weather event.

Washington Flooding: Atmospheric River Hits Northwest

First, it's important to note that if you're one of the properties that got inundated with water — regardless of minor flooding or severe flooding — this data will still be collected and considered in your new flood insurance rates with Risk Rating 2.0. This applies to both new business and renewals which is phase 2 where everyone who has FEMA flood insurance will adopt the new rating structure of the NFIP.

This flood will be taken into account because one of the variables that determine your flood risk score, which equally impacts your premium rates, is flood frequency and type of floods.

Washington Flooding: Atmospheric River Hits Northwest

Another thing you want to take into account also is the impacts when you make a flood claim during this time. Although FEMA will basically hit that hard reset button and have everyone start with a clean slate when it comes to flood claims history.

The claim variable is the new Risk Rating 2.0 system in which everyone will basically go back to zero with the Risk Rating 2.0 however once you file a new flood insurance claim under the new program, FEMA will do a 20-year lookback and count the claims you've made during that timeframe. The number of your flood claims made within the last twenty years will be your claim variable score.

Washington Flooding: Atmospheric River Hits Northwest

These are just a few of the things that will surely have an impact on your flood insurance due to this flooding that happened in Washington. You can see the overall changes in rates in Washington state through our Risk Rating 2.0 blog by clicking here.

Private Flood Insurance

This weather event and the flooding it brought isn't just going to impact those who have federal flood insurance and to be honest, the same can be said for those who are getting flood policies through private insurance carriers.

Although private flood doesn't necessarily need to follow all those changes with a rating from FEMA's Risk Rating 2.0, this type of flooding event still has significant impacts on policyholders in this market.

Washington Flooding: Atmospheric River Hits Northwest

One of the most significant impacts of flooding, when you have a private flood insurance policy, is how your increased risks due to recent floods can cause these flood insurance companies to back out from your providing your community flood insurance. Generally, this happens only on a small scale where some homeowners won't be able to buy flood insurance from the private market however sometimes these companies can go on full moratoriums.

Moratoriums in the private market generally mean that you won't have the private flood insurance option for your whole community, city, or county because of risk for flooding in the area got a significant increase in recent times. With the Risk Rating 2.0, this type of impact can be very expensive since you will no longer have the option to get cheaper premium rates through the private market.

Washington Flooding: Atmospheric River Hits Northwest

Equally, filing a flood insurance claim in a private flood policy can also reduce your chances to get flood insurance from them again. The private market is known to have the choice to non-renew your policy with them. Non-renewals are generally something we see seldom with federal flood insurance and in most cases, it doesn't happen at all. 

Regardless of how this weather event will impact you when it comes to flood insurance, we should always put first safety. One of the reasons why we strongly encourage getting flood insurance is to easily remove that worry that you may have when flooding happens where you will lose the things you value most. The right flood insurance policy can easily cover these things for you, so you want to get one.

Equally, finding safety and security for your home as well as everything inside of it is less important compared to your safety. If there is an announcement that you need to evacuate an area, we highly encourage you to do so and avoid gambling with the risks. Floods are very unpredictable and are highly deadly.

If you have more questions about this flooding event in the northwest region, how flood insurance can protect you, and how to be safe in this type of situation, click the links below to reach us or look at our Flood Learning Center where we try to answer all of your flood-related questions in just a few clicks.

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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 Washington State and how they can impact your flood insurance in the future.

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

Washington has one interesting history when it comes to flood events. You will be able to see that most of these floods happened in more recent years ranging from the early 2000s and more recently. This begs asking if this type of flooding can happen again in the near future.

Getting flood insurance policies to protect your property, be it a residential property or commercial building is a great start in making sure that you are prepared for possible flood damage and flood loss.

However, the biggest damage that floods can bring is when someone doesn't have flood insurance just because they don't think they need it or even worst, paying for expensive flood insurance premiums only to get flood coverage for a substantially smaller amount.

It's crucial that you, as a homeowner or business owner, are updated when it comes to the changes that may happen with your flood insurance policy. This is regardless of it coming from the federal government, Federal Emergency Management Agency (FEMA), National Flood Insurance Program, or the private market which is managed by private insurance companies. Today, let's talk about the upcoming changes to federal flood insurance in the Evergreen State.

The National Flood Insurance Program (NFIP) is bound to change its rating system for the people they provide flood policies to. These changes will be a big part of the Risk Rating 2.0 that's going to start impacting the federal flood insurance landscape on October 1, 2021.

We will understand what the Risk Rating 2.0 changes can mean to flood insurance and answer:

  • What are the impacts?
  • Who will be impacted?
  • The good, the bad, and the ugly
  • When will these changes happen?


The NFIP 2.0

The Flood Insurance Guru | Washington Flood Insurance: 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. 

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 | Washington Flood Insurance: New Flood Insurance Risk Rating 2.0

The Good

Starting off with the good things, Washington residents who have flood policies with FEMA and the NFIP will be experiencing these changes coming to Risk Rating 2.0. The good thing is due to the fact that there will be a decrease in flood insurance rates with FEMA.

This change is something that 33% or 10,717 policyholders will experience. The decrease itself will be more than $100 (>$1200 per year) which can kick in immediately. In coastal areas like this where there's a constant risk of flood due to storm surge, it can be very helpful for those who are looking to get protected from unwanted flood loss to have this type of decrease.

The Bad

There are also some bad changes happening to residents of Washington when it comes to federal flood insurance. We'll show this as the blue portion of the graph and will cause an increase in flood insurance rates.

This will impact 55% or 17,858 policies in the state who are going to get that small increase. The increase in rates will range from $0 to $10 per month ($0 - $120 per year). Generally, this range can put you in a position where you might not have any change with your flood insurance rates with FEMA which is why there's a $0 there. 

The Ugly

Lastly, we also have the ugly changes which will be shown by the pink and grey portions. These changes will impact a total of 12% of the policies that FEMA has in force in the state and will cause a more significant increase in your rates once the Risk Rating 2.0 kicks in. Let's break them down a bit.

The pink portion will cover the bigger 8% of the two or about 2,566 policies in the state. The increase this time around will be ranging from $10 to $20 per month ($120 - $240 per year) which is why we put this in the ugly change. Virginia has expensive flood insurance premiums from FEMA and when you have to deal with an increase, it may not really help you in choosing federal flood insurance.

On the other hand, we still have to address the grey portion which is the uglier change between the two. This is generally because the increase will be more than $20 per month (>$240 per year). The increase is also expected to have some policyholders even get more than $100 per month increase in their rates with FEMA. This will impact 4% or 1,406 policies in Washington

You can see the full graph of these changes below:

The Flood Insurance Guru | Washington Flood Insurance: 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 Washington, 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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