What do I need to know?
Everybody has some level of risk from flooding and should consider a certain level of coverage. Everyone lives in a flood zone and may be vulnerable to excess rainwater, storms, river levels and other factors. The Government flood program has set up lower priced policies for those with lower risk.
Is Flood Insurance Mandatory?
It depends. Some homes are in mandatory flood zones. However, all properties are at risk – more than 20% of claims come from properties outside of the mandatory zone. Even if you live outside of the mandatory areas, the Federal Government has a low-cost option that subsidizes your policy and can potentially start as low as $15 per month. You can check whether you are in a mandatory flood zone on our risk tool.