How to Determine If You Need Flood Insurance

How to Determine If You Need Flood Insurance

While many mortgage companies require flood insurance for homes in the floodplain, homeowners may be confused about how to determine whether they are in a floodplain. The National Flood Insurance Program (NFIP) makes flood insurance available in flood prone areas. Flood insurance in Babylon can help you recuperate after a disaster such as Hurricane Sandy.

Where to Start Your Search

The Flood Insurance Rate Map (FIRM) is the NFIP’s official map showing flood hazards. The FIRM has an effective date when sanctions apply. FEMA has a searchable Flood Map Service Center with free downloadable information.

How to Obtain Coverage

An insurance agent can help you determine if your community participates in NFIP. If the community does, you can take advantage of the flood insurance available through the NFIP along with the restrictions to help mitigate flood hazards. If not and you are still in a floodplain, your lender may strongly suggest you obtain flood insurance coverage even though it is not federally required.

If you are still puzzled about whether your property falls within a floodplain, an insurance agent can help you determine if you need flood insurance in Babylon. With the increasing number of storms causing flood damage, the sooner you protect your home, the sooner you can rest easy

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