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Did You Know? More Flood Facts
 

  • If you live in a moderate-to-low risk area and are eligible for the Preferred Risk Policy, your flood insurance premium may be as low as $129 a year, including coverage for your property's contents.
  • You are eligible to purchase flood insurance as long as your community participates in the National Flood Insurance Program. Check the Community Status Book to see if your community is already an NFIP partner.
  • It takes 30 days after purchase for a policy to take effect, so it's important to buy insurance before the floodwaters start to rise.
  • In a high-risk area, your home is more than twice as likely to be damaged by flood than by fire.
  • Anyone can be financially vulnerable to floods. People outside of high-risk areas file over 20% of NFIP claims and receive one-third of disaster assistance for flooding.
  • From 2002 to 2011, flood insurance claims averaged over $2.9 billion per year.
  • When your community participates in the Community Rating System (CRS), you can qualify for an insurance premium discount of up to 45%. Read more about CRS Ratings.
  • Since 1978, the NFIP has paid over $36.9 billion for flood insurance claims and related costs (as of 12/31/10).
  • Over 5.5 million people currently hold flood insurance policies in more than 21,000 communities across the U.S.

Cited from floodsmart.gov

For helpful flood prevention products to protect your home: Flood Prevention

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