25 Aug West Wendover Nevada Flood Insurance
Located in the far northeast corner of the state, West Wendover, Nevada is home to over 4,000 residents and an economy that thrives on gambling. From a weather standpoint, residents of the city have the good fortune of being spared from many natural disasters that affect other regions of the United States. However, while infrequent, floods can and do affect West Wendover. When they do, they leave an expensive trail of damage in their wake. For this reason, residents of West Wendover, NV should carefully consider their flood insurance options and purchase the policy that best fits their needs.
Areas of West Wendover most likely to flood are called Special Flood Hazard Areas (SFHA) by the Federal Emergency Management Agency (FEMA). Through hydrological and statistical studies, FEMA has determined that land within these SFHA have a one-in-four chance of flooding at least once during a thirty year period. The SFHA in the city are primarily located along culverts, though others are simply low-lying areas that would collect runoff from heavy rains of melting snowpack.
| How Much Could You Pay?
– In a 1,000 sq ft home, damages could quickly amount to $10,000 from only an inch of floodwater. – In a 2,000 sq ft home, damages could quickly amount to $25,000 from two inches of floodwater. – 12 inches of floodwater can result in damages between $20,000-40,000.
Without flood insurance, these costs must be paid out-of-pocket or financed through loans. |
Residents of West Wendover who live in a house financed by the federal government are required to purchase flood insurance coverage if the house is located within a SFHA. Owners of federally-financed properties outside of the SFHA, along with all other properties in the city’s limits, are also encouraged to purchase flood insurance coverage. These requirements and recommendations are not meant to burden property owners, but to protect them financially in case floodwaters do impact their homes and businesses and cause damage.
As little of one inch of water in a West Wendover home can cost tens of thousands of dollars in damages. Standard insurance policies do not cover the repair and replacement costs associated with these damages, so property owners are left to pay these costs out-of-pocket or with loans if they are without a flood insurance policy. For some residents this is a financial hardship, but for most it would be financial devastation.
West Wendover residents who wish to ensure that they have adequate financial coverage in the event of a flood should consider the flood insurance programs currently on the market and make an informed decision. The first program to consider is the National Flood Insurance Program. U.S. residents have been able to purchase flood insurance through this program since the late 1960s. Premiums for these policies are based on factors such as location, actual likelihood of flooding, and whether or not the homeowner has taken any flood mitigation steps.
The second option for West Wendover residents is the National Catastrophe Flood Insurance Program (NCIP). NCIP policies are underwritten by a private insurance firm and are currently available in only a select number of states, including Nevada. Benefits of the NCIP include higher and more comprehensive coverage limits, as well as lower premiums.
Finally, West Wendover residents should take action to obtain a flood insurance policy as soon as possible, as policies are not activated immediately upon approval. Waiting periods are fifteen and thirty days for the NCIP and NFIP, respectively. Contact us now for more information about the West Wendover 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.
Sorry, the comment form is closed at this time.