25 Aug North Las Vegas Nevada Flood Insurance
North Las Vegas, Nevada is located in an arid desert region of the United States, a climate not usually synonymous with flooding. When we think of deserts, we usually think of a sand or dry dirt landscape with a few cacti or tumbleweeds rounding out the picture. However, thunderstorms with heavy rains are not uncommon to the area, and several inches of rain combined with dry land that cannot absorb water quickly often results in flooding that damages the homes and properties of North Las Vegas residents. For this reason, purchasing flood insurance is an important consideration that should be made a top priority for all property owners.
Both above and below ground, North Las Vegas has a complex labyrinth of drainage ditches, culverts, and pipes that combine to form an impressive system meant to steer large amounts of water safely away from properties. The Federal Emergency Management Agency (FEMA) designates areas that have a one-in-four chance of flooding at least once during a thirty year period as Special Flood Hazard Areas (SFHA). In North Las Vegas, many of these SFHAs are located at and near these culverts and drains, where water will accumulate if heavy rains overwhelm the system. Properties financed by the federal government and located in these SFHAs are required by law to be covered by a flood insurance property, and any other properties are strongly recommended to be covered.
| North Las Vegas Flood Facts
– In one 75-year period, over 175 flooding events were reported in and around the city.
– Flash floods are most likely to occur between July and September each year. |
Why are property owners in North Las Vegas encouraged to obtain flood insurance coverage for their homes and businesses? In one word: damages. Even an inch of water is more than enough to cause nearly $10,000 in damages to some homes. Standard homeowners policies do not cover repair and replacement costs that occur as result of flooding, leaving property owners to pay out-of-pocket.
For property owners looking to protect themselves financially, flood insurance policies can be purchased through one of two programs. The first is the National Flood Insurance Program (NFIP). The NFIP is a federally-funded provider of policies that can be purchased through local, regional, and national insurance agencies. These policies have premiums that are based upon the location of the property, the actual likelihood that the property will be subjected to flooding, and whether or not the property owner has taken flood mitigation steps. Premiums can be subsidized by the federal government in some cases.
A Second option is to purchase a policy through the National Catastrophe Flood Insurance Program (NCIP). The NCIP is a newer program, underwritten by private insurers. North Las Vegas property owners are fortunate to live in one of the select states covered by the NCIP. Proponents of the program tout the policies as providing more comprehensive coverage, higher coverage limits, and more affordable policies. Whichever policy provider a North Las Vegas resident chooses, a final important consideration is time, as the NCIP and NFIP have 15 and 30-day waiting periods after the policies are approved.
Purchasing a flood insurance policy will ensure that property owners in North Las Vegas are financially protected against the high cost of flood damages and have peace of mind knowing that they are protected. Contact us now for more information about the North Las Vegas Nevada 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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