Main Content

Good News About Flood Insurance in Tennessee

Release date: 
June 16, 2011
Release Number: 

NASHVILLE, Tenn. -- FEMA has good news for Tennesseans who want to insure their homes and property against flood damage, even though they live in areas where there is only a low to moderate risk of flooding.

Preferred Risk Policies are available at relatively low cost.

This is more important than it might sound. Twenty-five to 30 percent of flood insurance claims are paid in low-risk areas, and regular homeowner policies do not cover flood losses. Not to mention the fact that just one inch of water in a typical 2,000-square-foot home can cause $20,920 in damage, according to an interactive chart at (Click on the Flooding & Flood Risks tab.)

The National Flood Insurance Program, administered by FEMA, is the solution. It offers Preferred Risk Policies to property owners and renters in participating Tennessee communities. These communities have laws that reduce the potential for flood-related losses.

Since it takes 30 days for a policy to go into effect, property owners should buy flood insurance before the water starts to rise. However, there is no waiting period when the insurance is purchased in connection with opening a mortgage loan or changing the terms of an existing loan.

Many insurance agents throughout Tennessee sell such coverage and can provide additional information about it.

With Preferred Risk Policies:

  • A single-family home can be insured for up to $250,000. An additional $100,000 in coverage is available for contents.
  • Renters can cover personal belongings for up to $100,000.
  • Businesses can be insured with limits up to $500,000 for buildings and $500,000 for contents.

Call 888-379-9531 or visit to learn more about Preferred Risk Policies or get a list of selling agents.

Disaster recovery assistance is available without regard to race, color, religion, nationality, sex, age, disability, English proficiency or economic status. If you or someone you know has been discriminated against, call FEMA toll-free at 800-621-FEMA (3362). For TTY call 800-462-7585.

FEMA's mission is to support our citizens and first responders to ensure that as a nation we work together to build, sustain, and improve our capability to prepare for, protect against, respond to, recover from, and mitigate all hazards.

FEMA's housing assistance and Other Needs Assistance grants for medical, dental, and funeral expenses do not require individuals to apply for an SBA loan. However, applicants who receive SBA loan applications must submit them to SBA loan officers to be considered for assistance that covers personal property, vehicle repair or replacement, and moving and storage expenses.  Applicants who do not qualify for a SBA loan may be eligible to receive Other Needs Assistance grants for these items.

Last Updated: 
January 3, 2018 - 12:19