![]() Federal flood insurance is available where the local government has adopted adequate flood plain management regulations under the NFIP-and many communities participate in the program. Homeowners, renters and businesses can purchase flood policies from an insurer under contract with FEMA. Most flood insurance is administered through the federal government.Only a specific flood insurance policy will cover home flood related losses. Floods are not covered under homeowners and renters policies.Insuring yourself against a flood is a little different than other policies. That means, you should know how to prepare for the possibility of a flood, know your flood insurance options and obtain adequate coverage. The National Flood Insurance Program (NFIP) will also be able to provide flood risk information on your area.Įven if you don't live in a high flood risk area, you're in some danger of loss from a flood, because 20 percent of all flood claims are filed in low to moderate flood risk areas. If you're moving into a new home, apartment or business location, ask your mortgage lender, your local officials or your insurance professional if the location has been known to flood. In fact, 90 percent of all natural disasters in the U.S. ![]() ![]() According to the Federal Emergency Management Agency (FEMA) floods-including inland flooding, flash floods and flooding from seasonal storms-occur in every region of the United States.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |