An insurance expert from Compensa Vienna Insurance Group discusses the importance of recognizing flood risks associated with property ownership. It outlines how individuals can determine if their property is in a flood risk zone, emphasizing the need for timely action to reduce potential damage. It mentions that after a flood threat is recognized, obtaining insurance may not be possible, highlighting the urgency for property owners to be proactive in understanding their risk levels.

Balinskas points out that many residents may be unaware that their property is located in a flood risk zone, which can lead to significant consequences during flooding events. The article stresses the value of insurance coverage against floods, which is typically included in home insurance, barring properties within designated high-risk areas flagged by the Environmental Protection Agency. This information is critical for homeowners, especially in regions prone to flooding, where preparation can significantly affect damage mitigation.

Furthermore, timely advice is crucial for residents living in areas forecasted to be affected by flooding. The article urges individuals not only to confirm their insurance coverage but also to engage with local authorities and disaster preparedness resources. It serves as a reminder that while immediate risk may be manageable with insurance, long-term planning and awareness are essential for safeguarding home and property against the evolving threats posed by climate change and worsening weather patterns.