Main Content

Community with No Flooding

Why do I need flood insurance, even though my community has never been flooded?


Flooding occurs in moderate-to-low risk areas as well as in high-risk areas. Poor drainage systems, rapid accumulation of rainfall, snowmelt, and broken water mains can all result in flood. Properties on a hillside can be damaged by mudflow, a covered peril under the Standard Flood Insurance Policy. In high-risk areas, there is at least a 1 in 4 chance of flooding during a 30-year mortgage. For these reasons, flood insurance is required by law for buildings in high-risk flood areas as a condition of receiving a mortgage from a federally regulated or insured lender.
 
Don't see your question? Go to the NFIP’s Answers to Questions.  

Question Categories

Was this answer helpful?

Didn't find what you were looking for? Search all of FEMA.gov or Ask a question

Last Updated: 
Fri, 09/26/2014 - 11:32