Residents in Slide Fire area urged to get flood insurance

May 30, 2014, 5:00 AM | Updated: 5:00 am

PHOENIX — Those who live in the area affected by the Slide Fire near Sedona, Ariz. are being urged to get flood insurance as quickly as possible.

Nicole Farr of the Arizona Insurance Council said the fire has created extreme risks for flooding. The dense brush and foliage that once kept soil in place and absorbed water is no longer there, leaving rain waters nowhere to go but down. Farr said the monsoon rains will be here soon so there’s no time to waste.

“Because there is a 30-day waiting period before most policies go into effect, we urge home and business owners to contact their insurance agent or representative and the National Flood Insurance Program as soon as possible,” she said. “Flood insurance must be purchased separately from homeowner’s insurance.”

Annual flood insurance premiums start as low as $129 for a hom and $643 for a commercial building. Farr said that’s a bargain.

“Compare that to the fact that just two inches of flood water in the average home can create over $10,000 in damages,” she said. “From 2008 to 2012, the average residential flood claim amounted to almost $42,000.”

Wildfires seem to claim homes every year in Arizona and this year will likely be no exception. Valley CPA Erik Ketellar said homeowners insurance should cover most of the damages if your home is destroyed. The rest can be written off on your taxes next spring.

“You can deduct 100 percent of your casualty losses on Schedule A of the tax return,” he said. “You need to carefully track everything you lost. Make sure you document everything your insurance reimbursed and what you paid for out of pocket. Essentially have an inventory of everything in your home. Anything that’s valuable like gold, diamonds, gun collections, etc. needs to be documented.”

Coverage is available through the federal government’s National Flood Insurance Program. Consumers can visit or call (800) 427-2419 to learn more.

We want to hear from you.

Have a story idea or tip? Pass it along to the KTAR News team here.

Arizona News

(Pixabay Photo)...

Multiple Arizona chefs, restaurants earn spots as James Beard Awards semifinalists

Arizona chefs and restaurants found a place at the table Wednesday when the James Beard Awards announced semifinalists for 2023.
17 hours ago
Nickelback (Richard Beland Photo)...

Nickelback’s Get Rollin’ Tour to stop at Footprint Center in Phoenix in July

Nickelback's 2023 Get Rollin' Tour will make a stop at Footprint Center in Phoenix on July 12.
17 hours ago
(Maricopa County Colleges Photo)...
Danny Shapiro

Former Valley professor to serve on advisory group for National Space Council

Former Valley professor Sian Proctor will advise the Biden administration on maintenance and responsibility for its space present and future.
17 hours ago
(Greg Nash/Pool via AP)...
Taylor Kinnerup

Arizona’s News Roundup: Gallego announces Senate run, prison reform ramps up

Arizona's News Roundup this week catches you up on Ruben Gallego's announced Senate run, prison reform initiatives and more.
17 hours ago
Arizona Attorney General Kris Mayes participates in a Martin Luther King Day celebration on Jan. 16...
Kevin Stone

Arizona Attorney General Kris Mayes: No more ‘political lawsuits’

Arizona Attorney General Kris Mayes has withdrawn a student debt lawsuit filed by her Republican predecessor as she changes the direction of the state’s top legal office.
17 hours ago
(Facebook Photo/Street Eats Food Truck Festival)...

Work up an appetite this weekend at Street Eats Food Truck Festival in Scottsdale

Arizona's largest food truck party returns to the Valley this weekend for two days of sampling, feasting and more.
17 hours ago

Sponsored Articles

Day & Night Air Conditioning, Heating and Plumbing

Company looking for oldest air conditioner and wants to reward homeowner with new one

Does your air conditioner make weird noises or a burning smell when it starts? If so, you may be due for an AC unit replacement.
Day & Night Air Conditioning, Heating and Plumbing

Prep the plumbing in your home just in time for the holidays

With the holidays approaching, it's important to know when your home is in need of heating and plumbing updates before more guests start to come around.
Quantum Fiber

Stream 4K and more with powerful, high-speed fiber internet

Picking which streaming services to subscribe to are difficult choices, and there is no room for internet that cannot handle increased demands.
Residents in Slide Fire area urged to get flood insurance