Georgia's flood policy applications on rise - WTOC-TV: Savannah, Beaufort, SC, News, Weather & Sports

Georgia's flood policy applications on rise

SAVANNAH, GA (WTOC) - The number of flood policy applications jumped after last September's historic floods.

The number of flood policy applications submitted to State Farm from Georgia homeowners during the last three months of 2009 was three times higher when compared to the same time period of the previous year, according to the company.

A basic homeowners policy does not cover flooding, said State Farm spokesman Justin Tomczak in a statement.

Home and business owners can contact their insurance agent to purchase federal flood insurance through the National Flood Insurance Program, but homeowners must live in an area that participates in the program.

Federal flood insurance guidelines also require a 30-day waiting period before new policies can be activated. Fewer than 20 percent of last year's flood victims had purchased a flood policy, according to State Farm. 

On average, between 20 and 25 percent of all flood insurance claims are paid to people living outside high-risk areas, according to the Federal Emergency Management Administration.

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