- Collection Created:
- September 20, 2013
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This publication warns homeowners that most homeowners' insurance policies do not cover floods. It also explains that Federal disaster assistance cannot be relied on for flood events because most floods are not nationally declared disasters. Only Federal Flood Insurance reimburses homeowners for flood damage to property.
- Go to ResourceThe National Flood Insurance Act of 1968, as amended, and The Flood Disaster Protection Act of 1973, as amended,42 U.S.C. 4001 et. seq.
- Go to ResourceFreeboard is a term used by FEMA’s National Flood Insurance Program (NFIP) to describe a factor of safety usually expressed in feet above the 1-percent-annual-chance flood level. The NFIP requires the lowest floor of structures built in Special Flood Hazard Areas (SFHAs) to be at or above the BFE, so a structure built with freeboard would have its lowest floor 1 foot or more above the BFE. Adding freeboard will reduce NFIP insurance premiums.