Communities that participate agree to adopt and enforce ordinances that meet or exceed FEMA requirements for reducing flood risks.ĭHS/FEMA provides an online hub where homeowners can take action to research their eligibility and acquire flood insurance called “. It offers flood insurance to participating homeowners, renters, and business owners. Since most homeowners’ insurance policies do not cover the costs of flood damage, Congress created the The National Flood Insurance Program (NFIP). Flood insurance isn’t federally required in moderate-to-low areas, but it is recommended for all property owners and renters. These areas not only submit over 20 percent of flood insurance claims, but also receive one-third of disaster assistance for flooding. primary or secondary residence?).Did you know that nearly 20 percent of flood insurance claims come from moderate to low risk areas? In moderate-to-low risk areas, the risk of being flooded is reduced but not completely removed. When purchasing flood insurance, you should check who the underwriter and their stability, whether the policy meets the NFIP standards, double-check that your elevation certificate is filled out properly for your property (this can affect what you pay) and read your policy's declaration page to make sure the agent accurately captured your property (ex.
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