Flood Insurance: What You Should Know
Flood Insurance
What you should know:
- Flood losses are not typically covered under renter and homeowner’s insurance policies.
- FEMA manages the National Flood Insurance Program (NFIP), which makes federally-backed flood insurance available in communities that agree to adopt and enforce floodplain management ordinances to reduce future flood damage.
- Flood insurance is available in most communities through insurance agents.
- There is a 30-day waiting period before flood insurance goes into effect, so don’t delay.
- Flood insurance is available whether the building is in or out of an identified flood-prone area.
What you can do:
- Find out if your home or business is at risk for flood and educate yourself on the impact a flood could have on you and your family. FEMA's Flood Insurance Study compiled statistical data on river flows, storm tides, hydrologic/hydraulic analyses, and rainfall and topographic surveys to create flood hazard maps that outline your community's different flood risk areas.
- contact your Cravens Warren insurance agent today about your policy and determine if you need additional coverage.
