The Impact of Floods: From Insurance to Repairs

The Impact of Floods: From Insurance to Repairs

With climate change affecting every region on earth, we’re increasingly dealing with extreme weather events. Warmer temperatures mean the air retains more water and that increases both the prevalence and intensity of floods. And that can have consequences for your properties and the cost of managing them. Let’s take a look at the impact of floods. 

The most obvious effect of a flood on your property is water damage. And it can affect a significant part of your property. From furniture and appliances, to flooring and wall coverings, and even the quality of your indoor air and potential growth of mold – impacting both your property and its inhabitants. For commercial buildings, there’s also a potential loss of income if parts of the property have to be closed off to tenants or guests.


The Costs of Repairs

After a flood, you’ll have to deal with widespread repairs, replacements, and renovations, and the costs can run high quickly. Even a few centimeters of water can lead to thousands of euros in expenses, and that can increase exponentially the longer you wait to take action. After dealing with the costs of water removal, cleanup, ventilation, and decontamination, there’s the repairs to the building and its structure. And don’t forget cleaning, repairing, or replacing personal items and equipment.


Dealing With Insurance

With the prevalence of floods increasing, insurance premiums are on the rise, and might not even cover all your expenses. Checking the terms and conditions of your insurance policy is wise and can prevent unpleasant surprises down the line. In some cases, compensation may also be provided through governmental organizations, but again – it’s likely that not all your expenses will be covered.


Taking Precautions

While we can’t influence the occurrence of floods, we can try to prepare for them as best we can. Think of small actions like making sure to clean out your gutters and storm drains so heavy rainfall can find its way into the sewers, collecting and reusing rainwater, or increasing the amount of green space around your property so precipitation can filter into the ground. Waterproof your basement and make sure electrical outlets and appliances are higher up if you live in a region that’s prone to flood.

If you’re looking to do more, installing green roofs or rooftop gardens on your properties can help ease pressure on the sewer system by absorbing heavy precipitation and releasing it slowly. As a property owner, you could also contribute to your neighborhood’s flood resilience by constructing rainwater basins collecting excessive rain on roofs or underneath parking lots.


Working on a Sustainable Future

The effects of floods are felt far beyond properties. Floods can take lives – both human and animal, change the landscape by causing sedimentation and erosion, and carry diseases. They also, perhaps counterintuitively, contribute to the global water scarcity crisis: they contaminate the clean water supply. All the more reason to focus on the responsible use and management of water, and work together on a future where access to clean water is a reality for everyone.

Want to learn more about how to responsibly manage your water consumption and doing your part in contributing to a sustainable future? Contact us at!