With the recent wave of floods across the US Midwest, it would be understandable if you got to thinking: what would a flood cost me?
A flood in your home or place of business can be easy to dismiss or overlook as a major threat. I mean, it’s just a bit of water, right? Only those who have gone through it really know just how much damage flood water can cause to your property.
We found a great little online tool to help illustrate the costs of flooding and the kind of damage a flood in your home can do. The tool can be found at the FloodSmart site here.
Of course, estimates are just to illustrate the extent and type of damage you could expect. But they do hit home. For example, if a modest, 1000 square foot home, was hit by just 2 inches of flood water, you could well be looking at around $10,000 of damage. A flood in your home, even of just 2 inches, could well damage to electrical and computer goods, kitchen appliances, door and window bases, and furniture. Plus there will be costs for plumbing and electrical repairs, as well as cleaning costs.
Move the gauge up a notch and we will see that a flood of 2 foot of water would cause over $30,000 worth of damage.
One of the costliest items from either scenario – 2 inches or 2 feet of flood water – is flooring. Carpets and wooden flooring bear the brunt of any flood in a home.
So what can this tool teach us? Certainly a few things:
- get proper insurance if you are concerned that your home may suffer from flooding
- help to protect your belongings by moving things above floor level (for example computers and electrical goods, as well as personal items)
Furthermore it would be well worthwhile to look into making a household inventory. To help with insurance purposes and your insurance claim after the event of a flood.