Did you know that most standard homeowner’s insurance policies do not cover damage to property caused by flooding? Floods can be caused by heavy storms, melting snow, inadequate or overloaded drainage systems or even a broken water main. It is a misconception that you need to live by water or a drainageway (like Cherry Creek) to be flooded. Your mortgage lender will require you to buy flood insurance if you live within a designated floodplain as designated by the Federal Emergency Management Agency (FEMA). A floodplain is the area that encompasses a waterway or a stream to allow for water to safely travel its course without causing damage to neighboring facilities.
Parker participates in the National Flood Insurance Program (NFIP), with a Community Rating of Grade 6, which means you can purchase flood insurance to protect your property against the hazard of flooding. This rating allows you to purchase flood insurance through your insurance provider for as little as $119 per year for a residential building and its contents. A flood policy will pay covered losses even if a disaster is not declared by the Governor or President.
Flood Insurance Rate Maps (FIRMs) are available online at www.parkeronline.org. For helpful tips regarding the national flood insurance program you may visit www.floodsmart.gov.
For more information regarding this program or any stormwater programs, email email@example.com or call 303.840.9546.