Flood Insurance


  • Floods and flash floods happen in all 50 states.

  • Everyone lives in a flood zone. For more information visit,the FEMA -  National Flood Insurance Program website to read more about the program and access information on policy and claim statistics.

  • Most homeowners insurance does not cover flood damage.

  • If you live in a Special Flood Hazard Area (SFHA) or high-risk area and have a Federally backed mortgage, your mortgage lender requires you to have flood insurance. 

  • Just an inch of water can cause costly damage to your property.

  • Flash floods often bring walls of water 10 to 20 feet high.

  • A car can easily be carried away by just two feet of floodwater.

  • Hurricanes, winter storms and snowmelt are common (but often overlooked) causes of flooding.

  • New land development can increase flood risk, especially if the construction changes natural runoff paths.

  • Federal disaster assistance is usually a loan that must be paid back with interest. For a $50,000 loan at 4% interest, your monthly payment would be around $240 a month ($2,880 a year) for 30 years. Compare that to a $100,000 flood insurance premium, which is about $400 a year ($33 a month).

  • If you live in a moderate-to-low risk area and are eligible for the Preferred Risk Policy, your flood insurance premium may be as low as $129 a year, including coverage for your property's contents.

  • You are eligible to purchase flood insurance as long as your community participates in the National Flood Insurance Program. Visit the FEMA - National Flood Insurance Program Community Status Book to see if your community is already an NFIP partner.

  • It takes 30 days after purchase for a policy to take effect, so it's important to buy insurance before the floodwaters start to rise.

  • In a high-risk area, your home is more than twice as likely to be damaged by flood than by fire.Last year, about 25% of all claims paid by the NFIP were for policies in moderate-to-low risk communities.

  • The average annual U.S. flood losses in the past 10 years (1994-2004) were more than $2.4 billion.

  • When your community participates in the Community Rating System ( CRS ), you can qualify for an insurance premium discount of up to 45%. Visit the FEMA - National Flood Insurance Program Community Rating System to read more about CRS Rating system.

  • Since 1978, the NFIP has paid over $36 billion for flood insurance claims and related costs (as of 3/22/10).

  • Over 5.5 million people currently hold flood insurance policies in more than 20,500 communities across the U.S.

For more policy and claim statistics, visit the National Flood Insurance Program website.