Flood Insurance Purchase Requirements On vs Near Flood Plains

The elevation of a home, in relation to surrounding terrain, directly affect the risks of flooding. Even a few feet of elevation can make a dramatic difference.

If the home is on a “flood plain” — an area of land with inherent risk of flooding during high discharge — lenders will usually require flood insurance.  If it is near but not on a flood plain, you may have options regarding flood insurance coverage.

Flood insurance is covered through the National Flood Insurance Program.  Check FloodSmart.gov for details, then shop insurance coverage for a policy that suits your needs.

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