FEMA, the Federal Emergency Management Agency, draws the maps and sets the flood. Flood zone risk is quantified by your annual chance of flooding usually 1 in 100 or 1 in 500. Zone codes that begin with A or V are high-risk C, B, and X are moderate- and low-risk and D stands for undetermined. Homes and businesses in high-risk flood areas with mortgages from government-backed lenders are required to have flood insurance. There are three basic FEMA flood zone types. The NFIP works with communities required to adopt and enforce floodplain management regulations that help mitigate flooding effects.įlood insurance is available to anyone living in one of the almost 23,000 participating NFIP communities. The NFIP provides flood insurance to property owners, renters and businesses, and having this coverage helps them recover faster when floodwaters recede. Know Your Zone - Find if your address is in one of the colored evacuation zones (these are flood zones) If you are in an evacuation zone, listen to evacuation orders from local officials (Typically Zone A is the most vulnerable and the most likely to evacuate first. Flood insurance is a separate policy that can cover buildings, the contents in a building, or both, so it is important to protect your most important financial assets - your home, your business, your possessions. Most homeowners insurance does not cover flood damage. The National Flood Insurance Program (NFIP) is managed by the FEMA and is delivered to the public by a network of more than 50 insurance companies and the NFIP Direct.įloods can happen anywhere - just one inch of floodwater can cause up to $25,000 in damage.
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