Are you required to carry flood insurance?

Over the last 50 years flooding has been on the rise. Increasing precipitation combined with more waterfront property being built creates a perfect storm for flood damage.

Many insurance policies don’t cover flooding, even floods that occur through nature. The Federal Emergency Management Agency (FEMA) has identified communities that are at risk for flooding, FEMA has assigned a character from the alphabet to each zone. The zone your home is located in will indicate the risk of flooding and which type of flood insurance you are required to carry

Here is a basic break down of the FEMA Flood Map Zones

V Zones

V Zones are properties that are beach front. They pose the biggest risk for damage from floods as rising tides and waves can sometimes wash entire houses away. Anyone in a V zone is required to carry comprehensive flood insurance.

A Zones

A zones – the next most volatile of the Special Flood Hazard Areas – are subject to rising waters and are usually near a lake, river, stream or other body of water. Flood insurance is mandatory in all A zones because of the high potential of flooding.  There are a number of sub-divisions of A zones you should make sure you understand the particular risks and recommendations for the one your house resides in.

X Zones

X Zones are minimal-risk areas where flood insurance is not mandatory, but a good idea as water damage can come from many sources.

D Zones

D zones are areas that have not been studied, but where flooding is possible.

  • How to find out what flood zone you are in?

Check with the local government agency to see flood zone maps for your area. Most counties and towns have flood zone maps available for public view. FEMA provides copies of the latest and most up-to-date flood zone maps for most communities.

Compare your home location to the flood zone map boundaries to see if you’re in a flood zone. Some flood zones are considered a greater risk than others. The maps will give you details about which type of flood zone insurance you may need, depending on the risk to your property.