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  2. Buying a house in a flood zone? Know the risks first - AOL

    www.aol.com/finance/buying-house-flood-zone-know...

    Waterfront homes are a dream for many buyers, but they are more susceptible to flooding than homes located inland. Flood zones in the U.S. are designated by FEMA, the Federal Emergency Management ...

  3. Flood insurance rate map - Wikipedia

    en.wikipedia.org/wiki/Flood_Insurance_Rate_Map

    FIRMs display areas that fall within the 100-year flood boundary. Areas that fall within the boundary are called special flood hazard areas (SFHAs) and they are further divided into insurance risk zones. The term 100-year flood indicates that the area has a one-percent chance of flooding in any given year, not that a flood will occur every 100 ...

  4. Thousands of US communities forgo federal flood insurance - AOL

    www.aol.com/thousands-us-communities-forgo...

    FEMA manages the NFIP, which Congress created in 1968 with the National Flood Insurance Act. Homeowners, businesses, and renters can buy flood coverage through the NFIP Direct system or more than ...

  5. Flood insurance isn't perfect. You should probably buy ... - AOL

    www.aol.com/finance/flood-insurance-isnt-perfect...

    Many of FEMA’s flood zone maps haven’t been updated in years, and even those that have been rely on historical storm data and don’t take into account how climate change and an atmosphere ...

  6. National Flood Insurance Program - Wikipedia

    en.wikipedia.org/wiki/National_Flood_Insurance...

    The National Flood Insurance Program (NFIP) is a program created by the Congress of the United States in 1968 through the National Flood Insurance Act of 1968 (P.L. 90-448). The NFIP has two purposes: to share the risk of flood losses through flood insurance and to reduce flood damages by restricting floodplain development.

  7. Flood insurance - Wikipedia

    en.wikipedia.org/wiki/Flood_insurance

    FEMA states that approximately 50% of low flood zone risk borrowers think they are ineligible and cannot buy flood insurance. Anyone residing in a community participating in the NFIP can buy flood insurance, [10] even renters. However, unless one lives in a designated floodplain and is required under the terms of a mortgage to purchase flood ...

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