Types of flood insurance

With flood insurance from the National Flood Insurance Program (NFIP), there’s no need to shop around for the lowest rate.

The NFIP’s new rating methodology, Risk Rating 2.0: Equity in Action, leverages industry best practices and cutting-edge technology to enable FEMA to deliver rates that are actuarially sound, equitable, easier to understand, and better reflect a property’s individual flood risk. 

The modernized rating methodology allows FEMA to equitably distribute premiums across all policyholders based on the value of their home and the unique flood risk of their property. 

To provide more equity, FEMA now has the capability and tools to address rating disparities by incorporating more flood risk variables. These include flood frequency, multiple flood types—river overflow, storm surge, coastal erosion, and heavy rainfall—distance to a water source and property characteristics such as elevation and the cost to rebuild. 

The NFIP partners with more than 50 insurance companies and thousands of independent agents across the country to offer the same affordable NFIP rates and crucial insurance coverage.

No matter what insurance provider you use or what state you live in, you will get the coverage you need at a rate you can trust.

Get the coverage that’s right for you.

Whether you’re a homeowner, business owner, or renter, the NFIP offers flood insurance coverage to help you protect the life you’ve built. Work with your insurance agent to learn more about coverage amounts, deductibles, and policy costs.

Which of the following best describes you?

If you own your home – including condominiums and townhouses – the NFIP offers flood insurance policies to cover your home’s structure and belongings.

  • What’s covered: Your foundation, electrical and plumbing, finishings, appliances, electronics, personal belongings, and more.
  • Coverage limits: $250,000 for the building and $100,000 for the building contents. These are typically purchased separately with separate deductibles.