Gov. Barbour Urges Residents To Prepare For Mississippi River Flooding

Location Reaching flood stage Flood stage Forecasted crest date Forecasted crest height Feet above flood stage Tunica April 29 44 feet May 12 52.5 feet 8.5   feet Bolivar April 29 37 feet May 14 48.5 feet 11.5 feet Greenville April 29 48 feet May 15 60    feet 12     feet Vicksburg May 1 43 feet May 18 53.5 feet 10.5 feet Natchez April 30 48 feet May 20 60    feet 12     feet When reviewing flood insurance, policy holders need to remember three important facts about the National Flood Insurance Program: 1.      Contents coverage must be purchased separately. 2.      It is not a valued policy.  A valued policy pays the limit of liability in the event of a total loss.  For example: Your home is totally destroyed by a fire and it costs $150,000 to rebuild.  If your homeowner’s insurance policy is a valued policy with a $200,000 limit of liability on the building, you would receive $200,000.  Flood insurance pays just the replacement cost or ACV of actual damages, up to the policy limit. 3.      It is not guaranteed replacement cost policy.  A guaranteed replacement cost policy pays the cost to rebuild your home regardless of the limit of liability.  For example: Your home is totally destroyed by a fire and it costs $200,000 to rebuild.  If your homeowner’s insurance policy is a guaranteed replacement cost policy with a $150,000 limit of liability on the building, you would receive $200,000.  Flood insurance does not pay more than the policy limit. People can visit www.msema.org and www.floodsmart.gov to learn more about the Mississippi River flood and flood insurance.]]]]> ]]>