Flooding is the most common and costly natural disaster in the United States causing billions of dollars in damage each year. A flood event doesn’t have to be the size of a hurricane to cause serious damage. Unfortunately, most business owners, homeowners, and renters typically don’t buy flood insurance even though damage is often excluded from traditional property and contents coverage.
98 percent of U.S. counties have experienced a flooding event. And, just one inch of water in a home can cause more than $25,000 in damage.*
Help your members understand these common myths:
- My property won’t flood if it didn’t in previous weather events.
- I’m not in a flood zone, so I can’t get flood insurance.
- Flood coverage is unnecessary because individual disaster assistance from FEMA will cover my losses.
At TruStage, our goal is to help your credit union ensure its members are properly insured so they can quickly recover from a flood or other catastrophic event. Use these resources to educate your members on the risk of flooding so they are adequately prepared.
You can’t control the weather, but you can prepare for it
Access and share these resources to assist your members. Credit unions can also contact a TruStage risk consultant at 800.637.2676 or through this form to discuss disaster preparedness and recovery tips.
- FEMA factsheets
- Social media templates – #Floodsmart graphics & copy
- Press release template
Insurance Institute for Business & Home Safety (https://disastersafety.org/)