FLOOD INSURANCE: THE ONLY WAY TO PROTECT AGAINST A FLOOD EVENT
[https://www.fema.gov/press-release/20230425/flood-insurance-only-way-protect-against-flood-event]


Release Date: 
6월 19, 2018 

 

In Florida, less than 50 percent of those living in a high-risk flood
areas carry flood insurance; after Hurricane Irma, many others
probably wished they did. Neither homeowners nor rental insurance
covers damage caused by flooding. Most business insurance policies
exclude flood damage. Only flood insurance protects you in a flood
event.

• In the U.S., floods are the most common and costly natural
disasters causing millions of dollars in damage every year.
• Floods can happen anywhere. More than 20 percent of flood claims
come from properties outside the high risk flood zones.
• Most federal disaster assistance comes in the form of
low-interest disaster loans from the Small Business Administration and
you have to pay the loans back.
o FEMA disaster grants are often much less than what is needed to
recover. 
o A flood insurance policy could and often does provide more funds
for recovery than what you could be eligible for from FEMA or an SBA
loan. You do not have to pay these funds back.
• Flood insurance policies cover you 365 days a year and can
provide assistance even if a flood event is not a presidentially
declared disaster.

HIGH RISK AREAS OR SPECIAL FLOOD HAZARD AREAS (SFHAS)
• In a high-risk flood area, known as a Special Flood Hazard Area,
there is at least a one-in-four chance of flooding during the life of
a 30-year mortgage.
• The standard National Flood Insurance Program flood insurance
policy covers the building. Contents coverage may be purchased
separately through the NFIP.
• If you buy a home in a SFHA, the lender may require you to
purchase a flood insurance policy.
o If you live in a moderate-to-low risk flood area, flood insurance
is available and strongly recommended.

DISASTER ASSISTANCE FOR SURVIVORS IN SPECIAL FLOOD HAZARD AREAS
• If you live in a SFHA and received a grant from FEMA, you may
receive a Certificate of Flood Insurance for a Group Policy as a part
of your federal assistance.
• Survivors who receive federal disaster assistance and live in a
SFHA are required to maintain flood insurance on their affected
property.
o If the property is sold, the flood insurance requirement is
transferred to the new owner and continues for as long as the property
address exists.
• If you are a renter and receive federal disaster assistance, you
must maintain flood insurance coverage on the contents of the property
for as long as you live at the flood-damaged rental.
• Failure to maintain flood insurance will affect your ability to
receive assistance if another disaster occurs.

BUY FLOOD INSURANCE NOW
• Forecasters at the National Oceanic and Atmospheric
Administration predict a near- or above-normal 2018 Atlantic hurricane
season.
o An average season produces 12 named storms; six become hurricanes,
including three major hurricanes.
• An NFIP insurance policy generally has a 30-day waiting period
before the policy becomes effective so don’t wait, buy now.
• If you don’t have flood insurance, you may be left without any
coverage when you need it most. The NFIP cannot pay a claim if you
don’t have a policy in effect when damage occurs.

For more information about the NFIP and flood insurance, call
800-427-4661 or your insurance agent, or go online to
www.fema.gov/national-flood-insurance-program
[http://www.fema.gov/national-flood-insurance-program].

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