Hundreds of Wilson homes and businesses could be flooded during an extreme storm, yet residents may have no knowledge of the risk or insurance to protect themselves against potential losses.
Residents and business owners can learn more about their risks during a public meeting Wednesday, Aug. 26, at 5 p.m. at City Hall. The meeting will be in the second floor conference room.
The city is completing an updated floodplain management plan, which has examined the community’s history of flooding and its vulnerabilities in the future. City staff has been joined by realtors, insurance agents and others on the committee.
The plan notes that more than 800 buildings, including 680 homes, are currently located in the 100-year floodplain (the area that has a 1-percent chance of flooding every year). Should Wilson experience such a flood, the community could have more than $350 million in lost property and contents.
Yet, less than 30 percent of these properties are covered by flood insurance. A survey found that 40 percent of respondents in Wilson did not know if they were covered for flood damage.
The city is working to make residents aware of the potential of flooding damage, but the plan will create new methods. Anyone interested can click here for more information.