Flood Insurance Information
Can you afford to not have it?
There's something you should know: Flood losses are not covered by your homeowners insurance policy.
If your home is located in a high-risk flood area and you have a mortgage from a federally regulated or insured lender, you are required to purchase a flood insurance policy. However, even if you are not in a flood zone, you may still want this very affordable protection for your home. Flood insurance includes losses resulting from water overflowing inland or tidal waters, heavy or prolonged rain, storm surge, blocked storm drainage systems, or broken dams or levees. Remember, water has to have damaged two or more properties or cover at least 2 acres of land to be considered a flood.
Flood insurance through the NFIP does not take effect until 30 days after you purchase a policy. However, we do have options for private markets.
What is the NFIP?
The National Flood Insurance Program, administered by FEMA, aims to reduce the impact of flooding on private and public structures. It does so by providing affordable insurance to property owners, renters and businesses and by encouraging communities to adopt and enforce floodplain management regulations. These efforts help mitigate the effects of flooding on new and improved structures. Overall, the program reduces the socio-economic impact of disasters by promoting the purchase and retention of general risk insurance, but also of flood insurance, specifically. Watch the video below to find out what you need to know about flood insurance coverage.
View in FEMA Multimedia Library - Click this link to view the video with subtitles.
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