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Thursday, April 01, 2010 

New Hampshire furniture maker Gary Spykman avoided flooding when he lived in hurricane-prone areas, only to have his studio flooded three times in succession, in an area he believed to be outside of a flood zone. 

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It is important to be aware that serious flooding sometimes occurs in areas that are not designated as flood zones. With hurricane season a month away and spring rains and thaws happening right now, serious flooding can result not just in coastal areas but far in-land in low-lying areas and near rivers and streams.

While insurance normally covers water damage from burst pipes or leaking roofs, neither business insurance nor homeowner’s insurance covers damage from “rising water.”  The National Flood Insurance Program has been set up to sell insurance to cover these risks. You would need separate policies to cover your home and your business assets, even if your art-related business operates from your home.  Renters can also buy this insurance.

Floodsmart.gov has a tool to assess your flood risk and to get estimates for the cost of flood insurance. All you need to do is enter your address and zip code and whether you are insuring a home or a business. The site will also give you contact information for insurance agents in your area who can write flood insurance. The chances are good that your current insurance agent can help you.

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