Lakeport California Flood Insurance

The small city of Lakeport, California is perfectly nestled in Lake County. With mountain ranges on the horizon and the shores of Clear Lake forming its eastern edge, there are few small towns in the country surrounded with more natural beauty. With so many natural “perks” to living in this city, current and potential property owners may be wondering if there are any downsides or risks associated with the area. The fact of the matter is, no matter where a property is located, there will always be risks. The best way to mitigate these risks is to know what is most likely to affect the area, and take preventative steps accordingly. For current and potential property owners in Lakeport, one of those risks is flooding.

Much of Lakeport is at only minimal risk for flooding, according to flood maps published by the Federal Emergency Management Agency (FEMA). In addition to the land immediately adjacent to Clear Lake, the only areas of the city listed as a Special Flood Hazard Area (SFHA) are those that lie along drainage areas. The areas outside the SFHAs are designated Zone X, signifying that the area is only at minimal risk for floods. Areas within the SFHAs are classified as Zone AO, meaning that in addition to being classified as flood prone, hydraulic studies indicate that flood waters would typically be one to three feet in depth in these zones.

Why does any of this information matter? Unbeknownst to many home and business owners, a standard insurance policy generally does not cover damages caused by flooding. When a flood does happen, many people learn this information the hard way and are left to foot the very expensive bill out-of-pocket. However, purchasing a flood insurance policy will provide a measure of protection and peace of mind against these expenses. For Lakeport property owners, there are two options available for flood insurance.

First is a policy available through the National Flood Insurance Program (NFIP). Funded through the general government, premiums vary based on a number of factors, including risk management steps taken by both the community and individual property owners. Policies are enacted thirty days after being approved. For many years, this was the only flood insurance option available.

New to the insurance market are policies available through the National Catastrophe Flood Insurance Program (NCIP). These policies are underwritten by private companies, and are generally made available to property owners at a lower rate than through the NFIP. NCIP policies also go into effect faster than NFIP, at fifteen days after approval rather than thirty. No matter which provider a property owner chooses, thorough research should be done to ensure that all insurance needs are being met at an affordable price.

Home and business owners in Lakeport have two very solid options when it comes to purchasing flood insurance policies. While the risk of a flood is low for many areas of Lakeport, obtaining an insurance policy now and preparing for a situation where risk becomes reality can prevent a lot of angst in the future. Contact us now for more information about the Lakeport California flood insurance.

All information is general in nature and is intended to provide guidance only. It is up to you to request specific coverage options, the agency and agent do not bear this responsibility. Always read the policy if there is a questions about coverage or a claim. If any information herein should conflict with your actual policy’s specific language, the policy language will be controlling.

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