The National Flood Insurance Program (NFIP) is administered by the Federal Emergency Management Agency (FEMA). Community participation in the program is voluntary. When a community participates in the NFIP, flood insurance is made available from the NFIP. In addition, if the president declares a disaster as a result of flooding, federal financial assistance is made available for the permanent repair or reconstruction of insurable buildings.
Your homeowners insurance policy will not cover losses due to flooding. It is recommended that you purchase flood insurance to protect yourself from devastating losses due to flooding. Information about flood insurance can be obtained from your insurance agent.
You do not have to live in the floodplain to qualify for flood insurance. Property owners can insure their buildings and contents and renters can insure their possessions. Just because your house has not flooded in the recent past does not mean that you are safe.
30 Day Waiting Period
Do not wait for a flooding event to purchase flood insurance. There is a mandatory thirty day waiting period for new flood insurance policies.