- Floods and flash floods happen in all 50 states.
- Everyone lives in a flood zone. (For more information,
visit
the Frequently Asked Questions about Flood Zones)
- Homeowners insurance doesn't cover flood damage.
- If you live in a Special Flood Hazard Area (SFHA) or
high risk area, your mortgage lender requires you to have flood insurance.
(To find out if you're in an SFHA,
visit What's Your Flood Risk?)
- 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 snow melt are common (but
often overlooked) causes of flooding.
- New land development can increase flood risk,
especially if the construction changes natural runoff paths.
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- 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 low- to moderate-risk community and
are eligible for the Preferred Risk Policy, your flood insurance premium
may be as low as $112 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.
Check the 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.
- All claims and expenses of the NFIP program are
funded by insurance premiums, not tax dollars.
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2590 Hollywood Boulevard,
Hollywood, FL 33020. 800-741-8265 Fax: 954-925-7004 
