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Flood Insurance: Some Things to Consider

Dec 19th 2012 at 10:21 AM

The United States has its fair share of natural disasters, and flooding is no exception. The federal government established the National Flood Insurance Program in 1969 to help protect homeowners against food damage. If you are not covered by flood insurance, you could suffer catastrophic losses during a flood.

Price of Coverage

Your flood insurance premium is determined in part by the risk of flooding to your area. Homeowners who live in high risk flood zones will pay more for flood insurance than those living in low-risk flood areas. You can find out what flood zone your property is located in by typing your address in at...Read the rest here.

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