The Federal Emergency Management Agency (FEMA) administers a National Flood Insurance Program (NFIP) which homeowners in high and even moderate to low risk areas should consider purchasing. Homeowners and renters in high risk areas should obtain flood insurance and lending institutions will often require the insurance. Homeowners insurance does not cover flood damages and federal disaster assistance usually comes in the form of low interest loans. Financial assistance when eligible would require the purchase of flood insurance.
Moderate & Low Risk Flood Areas
Homeowners in moderate and low risk flood areas should also consider flood insurance. Flash flooding can occur almost anywhere at anytime. Twenty percent of the NFIP claims are from outside high risk areas and result in one-third of the costs. Please review the FEMA website Floodsmart to understand the various coverage options, costs, and limitations.