Nobody Can Buy Flood Insurance in a Flood Zone
You can buy flood insurance in communities part of the National Flood Insurance program. Available for decades in high-risk areas where homeowners in these zones make up 75% of buyers. Federal law mandates flood coverage for high-risk zone property buyers.
Federal Disaster Assistance Automatically Pays for Flood Damage
To access federal assistance, a flooded area must be declared a federal disaster area. However, fewer than half of floods meet this criteria. Without flood insurance, you must purchase coverage to fulfill federal relief prerequisites.
Federal Disaster Assistance Automatically Pays for Flood Damage
To access federal assistance, a flooded area must be declared a federal disaster area. However, fewer than half of floods meet this criteria. Without flood insurance, you must purchase coverage to fulfill federal relief prerequisites.
Flood Insurance Is Only Available for Homeowners
Flood insurance is available for many structures beyond homes, including condominiums and commercial properties like apartment complexes.
You Can’t Buy Flood Insurance If Your Property Has Been Flooded
It’s still possible to purchase flood insurance after your home or other living space is flooded if your community enrolls in the National Flood Insurance Program.