Do I Have To Buy Flood Insurance ◎

If you live in a high-risk zone and have received in the past (such as a FEMA grant or an SBA loan) following a flood, you are usually required to maintain flood insurance on that property indefinitely. If you let the policy lapse and the home floods again, you will likely be ineligible for future federal aid. 4. Why You Might Want It (Even if Not Required)

Whether or not you are to purchase flood insurance generally depends on two main factors: where you live and how you are financing your home. However, even if it isn’t a requirement, understanding your actual risk is essential for protecting your investment. 1. When Flood Insurance is Mandatory do i have to buy flood insurance

Do I Have to Buy Flood Insurance? Understanding Your Requirements and Risks If you live in a high-risk zone and

Approximately 25% of all flood insurance claims come from properties outside of high-risk flood zones. Why You Might Want It (Even if Not