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.

What Else Do I Need to Know?

  • Homeowners and renters insurance does not typically cover flood damage
  • During a 30-year mortgage, you are 27 times more likely to experience a flood than a fire
  • Most properties are eligible for a lower-cost Preferred Risk Policy