Yes, you live in a flood zone

This year marks the 50th anniversary of the National Flood Insurance Program (NFIP). If you don’t have flood insurance, this should be the year to seriously consider buying it.

Floods are the most common and destructive natural disaster in the United States and have affected all 50 states in the past five years. According to CoreLogic, about a quarter of residential and commercial properties in the country are at high or moderate risk of flooding but are outside designated high-risk areas. Only 28 percent of the owners of properties in high-risk areas purchase flood insurance.

The NFIP started its mission before an explosion of development erupted in what is called the 100-year floodplain. Infrastructure such as roads, bridges, water and sewage expansions, in addition to new housing developments increases the potential for flooding. Some banks and lenders fail to ensure that residents in “A” and “V” flood zones, where flood insurance is required, have purchased the necessary insurance. Additionally, some homeowners think they do not live in a flood zone or that a rare disaster is not worth the cost of flood insurance.

Today, 41 million people, about 13 percent of the U.S. population, live in areas of potential flooding.

The fact is, everyone lives in a flood zone and is eligible to purchase flood insurance.

Compare the cost of flood insurance to the cost of repairing your home when a flood strikes. Contact Nadine at [email protected] or give her a call at 1-877-376-8676 , Ext. 136, to learn what the cost of flood insurance will be to protect the biggest investment you’ve ever made – your home.