Not much help in a flood
October 28, 2015
Good news! Some Carson Valley residents may get to save a bundle on their flood insurance.
That's because some of the homes in the East Valley that were included in the flood hazard zone may be removed, allowing them to stop paying for flood insurance.
Some might find that ironic with two summers of flash flooding in a row, but the fact is that flood insurance usually requires structure damage to pay out.
That means not a nickel of insurance money went to fix all those yards washed out in the last two summer's floods.
Our flash floods have turned out to be damaging, but not damaging enough to actually get some attention.
The $2.2 million estimated damage from last summer was short of the $3.8 million threshold, and we didn't have anywhere near the 170 homes with major damage.
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The last time FEMA came into Carson Valley in any major way was the flood of 1997, which was the result of the Carson River hopping its banks.
As annoying as the flooding coming off of the Pine Nuts has been, it hasn't come close in scale to that flood, which closed pretty much every bridge in the Valley.
The point being that flood insurance may not provide much coverage for those residents living in the East Valley, while still costing them $800-900 a year in addition to their mortgage.
At least if they don't have to pay the additional money, they can put it aside to prepare for the next flood.