To assess the property and surrounding area for flood exposure, Allianz Risk Consulting lists a number of steps insureds can take. To assess the property and surrounding area for flood exposure, Allianz Risk Consulting lists a number of steps insureds can take. (Photo: Alex Wroblewski/Bloomberg)

Floods can occur anywhere, making them one of the most common natural disasters with the potential cause significant damage to buildings, contents and yard storage. As extreme weather events occur with more frequency, it's important for insureds to be prepared for flooding, even if they live in areas not known to be susceptible to such events.

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