Congress mandated federally regulated or insured lenders to require flood insurance on properties that are located in areas at high risk of flooding.
Below you'll find the insurance requirements for your flood risk area. If you're not sure which area your property is in, take your Risk Profile to learn more.
Homes and buildings in high-risk flood areas with mortgages from federally regulated or insured lenders are required to have flood insurance. In high-risk areas, there is at least a 1 in 4 chance of flooding during a 30-year mortgage.
Homes and businesses located in moderate- to low-risk areas that have mortgages from federally regulated or insured lenders are typically not required to have flood insurance.
Even though flood insurance isn't federally required, anyone can be financially vulnerable to floods. In fact, people outside of mapped high-risk flood areas file more than
20 percent of all National Flood Insurance Program flood insurance claims and receive one-third of Federal disaster assistance for flooding.
When it's available, disaster assistance is typically a loan you must repay with interest.
A lender can require flood insurance, even if it is not federally required.
How NFIP is Making Communities Safer
Learn your risk, and find an agent, by taking Your Risk Profile.