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A floodplain or flood plain or bottomlands [1] is an area of land adjacent to a river. Floodplains stretch from the banks of a river channel to the base of the enclosing valley, and experience flooding during periods of high discharge . [ 2 ]
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 years. [2] Such maps are used in town planning, in the insurance industry, and by individuals who want to avoid moving into a home at risk of flooding or to know how to protect their property. FIRMs are ...
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.
The risk-based cost of insurance for your home may be a more accurate estimate of your flood insurance cost through the NFIP. As a point of comparison, the national risk-based premium is $1,808 ...
Insurance is designed to protect you financially when an unexpected, and sometimes catastrophic, event occurs resulting in damage and loss. But when it comes to flood insurance, you might wonder...
Tropical Storm Hilary slammed into the Western US this weekend, becoming the first tropical storm to cross California is a quarter century and Nevada’s first tropical storm. Multiple areas of ...
Flood insurance is the specific insurance coverage issued against property loss from flooding. To determine risk factors for specific properties, insurers will often refer to topographical maps that denote lowlands , floodplains and other areas that are susceptible to flooding.
Highlands, New York, was underwater and under a state of emergency as devastating floods swept the area this weekend. Gov. Kathy Hochul warned of “life-threatening flooding,” and nearby West ...
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