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Who needs flood insurance?

flood Insurance Needs
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Who needs flood insurance?

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Even homeowners that do not live in a mapped floodplain are vulnerable to flooding. Because everyone lives in a potential flood zone (see sheetflow and ponding), the Cypress Creek Flood Control Coalition and the Harris County Flood Control District recommends that all Cypress Creek Watershed citizens carry flood insurance.

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Release Date: April 19, 2001 Release Number: 1364-05 » More Information on Massachusetts Severe Storms & Flooding » En Español Quincy, MA — After a flood, insurance can go a long way toward putting the pieces back together. Nobody can erase the bad memories, the trauma of the event, but insurance can help pave the way to a fresh start. Insurance can reimburse policyholders for emergency measures taken during the flood, as well as damaged personal property and repairs to covered buildings and businesses. President Bush declared three Massachusetts counties a disaster area on April 10 following storms and flooding, March 5 – April 16. In Essex County there are 4,818 flood insurance policies in effect covering property valued at more than $655 million. In Middlesex County there are 3,003 policies in effect covering property valued at almost $401 million. Norfolk County has 3,796 policies in effect protecting almost $446 million in property. In the Commonwealth of Massachusetts, 740 flood

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Release Date: August 6, 2003 Release Number: 1475-16 » More Information on Kentucky Severe Storms, Flooding, Mud and Rock Slides, and Tornadoes Frankfort, KY — Nobody can stop a flood. Nobody can erase the bad memories and financial loss. Having flood insurance is the first line-of-defense and can go a long way toward putting the pieces back together. That is the message that state and federal disaster recovery officials are sending to residents of 21 Kentucky counties in the aftermath of the severe storms and flooding of June 14-27. Officials are urging homeowners and renters to purchase flood insurance through the National Flood Insurance Program (NFIP). Floods are caused by many events: storms, melting snow, or dam or levee failure. Everyone needs flood insurance. More than 90 per cent of all Presidentially-declared disasters include flooding. Important features of the National Flood Insurance Program are: Everyone can, and should, have flood insurance. Even if you don’t live in a

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Those who live in flood prone areas should know one thing first: Home insurance will not cover damages caused by a flood. For that you’ll need flood insurance, which is a special policy backed by the federal government with cooperation from local communities and private insurance companies. Congress created the National Flood Insurance Program (NFIP) in 1968 to enable homeowners, renters and business owners to purchase insurance. While the policy is backed and administered by the federal government, you can purchase one through regular home insurance companies. If you purchase a home in a moderate- to high-risk flood zone, most lenders require that you have flood insurance before they will give you a mortgage. To be eligible for flood insurance, you must live in a community that participates in the NFIP. In return, communities must implement floodplain-management regulations that minimize future flood losses. To see if your community participates in NFIP, check its Community Status Boo

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If you live in an area that is high risk and have a mortgage you will be required to have a flood policy. There is no way of knowing for sure what areas will flood so all property owners should consider a flood policy.

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