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May 2024
10m 4s

Episode 437: Flood Insurance Crisis: Cli...

CHRIS
About this episode

Introduction:

  • Welcome back to The Flood Insurance Guru Podcast, hosted by Chris Greene, owner of The Flood Insurance Guru and The Flood Professor.
  • This podcast is dedicated to bringing flood education to homeowners, real estate investors, and real estate professionals.

Episode Overview:

  • Topic: Climate Change Isn’t the Problem
  • Chris discusses how human behavior, not just climate change, plays a crucial role in flood risks and disaster recovery.

Key Points:

  1. Climate Change vs. Human Behavior:
    • Climate change is a significant issue, but it’s been happening for centuries.
    • Rapid climate changes are causing more frequent and severe flooding events.
    • Major floods in recent years: Houston, Dallas, St. Louis, Birmingham, and Waverly.
  2. Human Behavior and Disaster Response:
    • Rebuilding in the same areas post-disaster without changes.
    • Importance of adhering to local floodplain management guidelines.
    • The role of the National Flood Insurance Program (NFIP) and its guidelines.
  3. Flood Insurance and Risk Awareness:
    • Many homeowners only purchase flood insurance when required by banks.
    • There is a need to understand flood risk scores and not solely rely on flood zones.
    • It is important to know the specific risks related to properties, such as proximity to creeks, rainfall, or basement issues.
  4. Changing Beliefs and Behaviors:
    • Changing beliefs about flood risk and financial protection.
    • Understanding flood zones and maps can be outdated and not fully indicative of actual risk.
    • Using tools and resources to make informed decisions about property investments in flood-prone areas.
  5. The Consequences of Inaction:
    • The financial and emotional toll of flood recovery.
    • There is a potential for businesses to never reopen after a flood due to inadequate insurance.
    • There is limited assistance from the government when disasters are not declared officially.

Call to Action:

  • Resources: Download guides on flood zones and understanding flood insurance from the podcast description.
  • Engagement: Visit the YouTube channel, Flood Insurance Guru, for additional educational videos.
  • Blog: Check out the podcast blog on the website, floodinsuranceguru.com, for deeper insights.

Guide to flood zones
Check Your Flood Risk
Get a Flood Insurance Quote
Website


Contact Information:

Remember, knowledge is power, especially when it comes to protecting and maximizing your real estate investments.

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