Flood Insurance
Flooding can happen anywhere in the United States. The Federal Emergency Management Agency (FEMA) conducts studies and compiles statistical data using storm tides, river flow, rainfall and topographic surveys to determine what areas of the country are most at risk for flooding. The resulting data is collected and flood maps are produced that identify the areas most at risk. These flood maps can be viewed here: FEMA Map Service Center
Understanding Flood Maps
The Flood Maps produced by FEMA identify areas that are high risk of flood insurance with the letters A or V. These areas fall into a catagory defined as having at least a 26% chance of flooding over the life of a 30 year mortgage. Homes in these areas with mortgages from federally regulated or insured lenders are required to purchase flood insurance.
In lower risk areas its possible to still have flooding, but it’s not considered as likely. Thus, flood insurance is not required, but it is still recommended for all residents of the area. These areas of the country are shown as B, C or X on flood maps.
In some areas of the country, the risk of flooding has not yet been analyzed. These areas are identified with the letter D on flood maps.
As a homeowner or a renter it is important to understand the risk to your area from flooding. Speak with an Independent Insurance Agent and learn your risk.
More Information:
Your Homeowners’ Insurance doesn’t cover Flooding. View FEMA .pdf