Flood Damage
Floods stand as one of Earth's most prevalent and destructive natural phenomena, impacting communities worldwide with increasing frequency and severity. As a leading law firm specializing in environmental and property damage litigation, we are committed to providing our clients with professional, factual, and unbiased information on the legal aspects of floods, their consequences, and strategies for future prevention.
The Financial Toll of Flood Damage
Uninsured Damage Prevalence
Uninsured damage from flooding, accounting for a substantial 49.4% of total losses, significantly impacts property owners' financial stability.
Property Value Decline
Floods lead to a notable decrease in property values, with approximately half of the properties affected by floods experiencing a reduction in value.
Mortgage Default and Abandonment Risk
The aftermath of floods puts 22.6% of damaged properties at risk of mortgage default, with a more concerning 13.5% facing potential abandonment.
The Formation and Impact of Floods
Floods occur when water inundates land that is typically dry. Various factors can trigger these events, including excessive rainfall, dam or levee failures, rapid snowmelt, and coastal storm surges. Climate change exacerbates the risk, contributing to more extreme weather events, rising sea levels, and consequently, increased flooding.
The repercussions of flooding are profound and multifaceted. Annually, floods cause over $40 billion in damages globally, with the United States experiencing close to $8 billion in losses. Beyond the economic toll, floods pose significant human risks, contributing to increased mortality rates and public health crises due to contaminated water supplies and the spread of waterborne diseases.
Don't settle for less. Get your deserved flood damage compensation
Legal Implications and Protective Measures
The aftermath of a flood often reveals not just the physical damage to properties but also highlights the complex legal landscape surrounding flood insurance, property rights, and government responsibilities. Many residents in flood-prone areas are mandated to purchase flood insurance, yet navigating these policies can be challenging without expert guidance.
Our firm stands at the forefront of advocating for affected communities, offering legal advice on insurance claims, property disputes, and compensation for damages. We are dedicated to ensuring that individuals and businesses receive fair treatment and compensation in the wake of devastating floods.
Jason J. Joy & Associates
909 Texas Ave. Suite 1801
Houston, TX 77002
(713) 221-6500