When is Flood Insurance Required?

(Understanding the rules is important to help keep your home protected.)

Q: When is flood insurance required?

A: Flood insurance is required in two basic scenarios:

  • You have a mortgage and live in a high-risk area: If you have a mortgage from any federally regulated or insured lender and live in a high-risk flood zone, you're legally required to have flood insurance. You can figure out whether you live in a flood zone by typing your address into the Federal Emergency Management Agency's interactive map. This also applies if you own commercial property in a high-risk flood zone. 
  • You received disaster assistance (and want to remain eligible to receive it in the future): If you live in a high-risk zone and received either grants or low-interest business disaster loans from the US Small Business Administration following a presidential declared disaster, you must have flood insurance to receive future federal disaster assistance. 

If you fall into either of these categories, your independent agent is your best resource for a flood insurance policy. They'll help you evaluate policy choices to ensure you get the coverage you need.

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