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The National Flood Insurance Program (NFIP) is managed by the FEMA and is delivered to the public by a network of more than 50 insurance companies and the NFIP Direct. Floods can happen anywhere — just one inch of floodwater can cause up to $25,000 in damage.
You can purchase a flood insurance policy if your community participates in NFIP, even if you don’t live in a high-risk flood zone, or Special Flood Hazard Area. How to buy: Up to $250,000 in building coverage and up to $100,000 in contents coverage for single-to-four family residential structures.
These examples show the cost of flood insurance for single-family homes under NFIP’s pricing approach, using data from single-family policies in-force as of August 31, 2023. Learn more about the switch from the legacy rating method to NFIP’s pricing approach.
You can buy flood insurance by contacting your insurance company or agent. For referrals of insurance carriers that provide National Flood Insurance Program policies, call 800-427-4661 or visit FloodSmart.gov.
With the implementation of NFIP’s pricing approach, FEMA is now able to equitably distribute premiums across all policyholders based on home value and a property’s flood risk, and set rates that are fairer and more equitable.
WASHINGTON -- Beginning Oct. 1, FEMA’s National Flood Insurance Program (NFIP) will begin to offer more equitable and risk informed rates. The new premiums are the result of the program’s new pricing methodology delivering rates that are actuarially sound, equitable, easier to understand and better reflect an individual property’s flood risk.
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