Floods often happen when bodies of water overflow or tides rise due to heavy rainfall or thawing snow. But people don’t have to live near water to be at risk of flooding. A flash flood can strike anywhere without warning when a large volume of rain falls within a short time. Dangerous or damaging floods don’t always mean dramatic, rushing waters either. Even a single inch of water can cause costly damage.
More and more buildings, roads and parking lots are being built where forests and meadows used to be, which decreases the land’s natural ability to absorb water. Coupled with changing weather patterns, this has made recent floods more severe and increased the chances of being flooded.
Under the National Flood Insurance Program, federally-backed flood insurance is available to homeowners, renters and business owners in communities that adopt and enforce floodplain management ordinances to reduce future flood losses by regulating new construction in high flood-risk areas. Currently, more than 4.7 million flood insurance policies are in approximately 20,000 participating communities nationwide, representing nearly $793 billion worth of coverage.
Find out about our Preferred Risk Policy for homes in moderate-to-low risk areas.
This interactive tool shows the cost of a flood to your home, inch-by-inch.