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  2. Flood insurance rate map - Wikipedia

    en.wikipedia.org/wiki/Flood_Insurance_Rate_Map

    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 ...

  3. National Flood Insurance Program - Wikipedia

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

    In this sense, a base flood is synonymous with a 100-year flood and a floodplain is synonymous with a special flood hazard area. This base flood "is used in the National Flood Insurance Program (NFIP) to indicate the minimum level of flooding to be used by a community in its floodplain management regulations."

  4. 100-year flood - Wikipedia

    en.wikipedia.org/wiki/100-year_flood

    A 100-year flood is a flood event that has on average a 1 in 100 chance (1% probability) of being equaled or exceeded in any given year. [1] A 100-year flood is also referred to as a 1% flood. [2] For coastal or lake flooding, a 100-year flood is generally expressed as a flood elevation or depth, and may include wave effects. For river systems ...

  5. What is flood insurance, and why do you need it? - AOL

    www.aol.com/flood-insurance-why-220402245.html

    Homeowners insurance typically covers wind, fire, and theft, but excludes floods and earthquakes. ... “According to research, more than 14 million properties are at risk of a (100-year flood ...

  6. Understanding FEMA’s Risk Rating 2.0 system for flood insurance

    www.aol.com/finance/understanding-fema-risk...

    FEMA still uses Flood Insurance Rate Maps (FIRMs) for mandatory purchase requirements and floodplain management. These FIRMs still serve as a vital source of flood mapping data for communities ...

  7. Our dream retirement home was swept away by a hurricane - AOL

    www.aol.com/finance/dream-retirement-home-swept...

    For homes that are in the 100-year flood plain, or that have a 1% or greater chance of flooding every year, this insurance is legally required to obtain a mortgage and can pay out up to $250,000 ...

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