Flood Insurance

Flood insurance. Homeowners insurance does not cover flood-related damage. If you think your home is at risk, you might want to consider purchasing flood insurance.

The National Flood Insurance Program (NFIP), established by Congress, enables property owners to purchase insurance protection against losses from flooding. It is administered by the Federal Emergency Management Agency (FEMA).

If your home is in a special flood hazard area flood insurance is required as a condition of granting a mortgage loan. You may consult special flood insurance maps, published by the FEMA, to determine if the property is in a special flood hazard area (SFHA). These maps are usually kept on file at local town hall or county building and are available for your review. Or these maps may be ordered by phone or fax from FEMA.

Flood insurance premiums depends on the amount of coverage purchased, location, age of the building, building occupancy, the design of the building, and, for buildings in SFHAs, the elevation.

Read these facts about Flood Insurance from FEMA.