![]() ![]() There are two primary types of coverage available from the National Flood Insurance Program. The program is overseen by the Federal Emergency Management Agency (FEMA), which assesses geographical risks and determines the cost of flood insurance premiums per household based on that data. ![]() Today, the NFIP is the primary source of flood insurance in the United States, as the potential for costly mass flood damage is too much risk for private insurers to take on. ![]() In 1968, the federal government initiated the National Flood Insurance Program to provide financial protection for people who lived in areas deemed a moderate to high risk of flooding. The National Flood Insurance Program (NFIP) You may not be able to control the elements of weather, but when you partner with an independent agent at Burstad Insurance, you can prepare for the worst with a flood insurance policy designed to protect you when you need it most. Even a drought can lead to flooding, as the dry ground is unable to absorb the water. Here in central and western Wisconsin, the threat of flooding looms nearly year-round, whether due to rain or melting snow. Unless you have an active flood insurance policy in place prior to the flood, you could face tens of thousands of dollars or more in out-of-pocket losses. Due to the high cost of flood damage, homeowners insurance generally excludes water damages caused by rising groundwater. Learn more by visiting or by contacting a local agent using our Agent Finder.If it rains where you live, it can flood, too. Farm Bureau Insurance offers free quotes on flood insurance. The benefits of insuring yourself against floods outweigh the risks. Familiarize yourself with what impacts your premium and policy costs. Make sure to adequately protect yourself against the threat of flooding. You can even look up your address in the Flood Map Service Center to find out if you live, work, or travel in areas that are prone to flooding. Find Out Your Flood Riskīecause weather patterns, land development, erosion, and other events can change your home’s flood risk over time, review your property’s flood map to better understand your flood risk and insurance options. Find summaries of coverages and examples of what is covered and what is not covered by flood insurance. Coverage is available to property owners, renters, and businesses in the 23,000 communities in the program. Flood Insurance: protecting more than 5 million policyholders in 23,000 communities from the financial losses flooding can bring.įlorida Farm Bureau Insurance is proud to be among the handful of companies across the country that are affiliated with the NFIP, and you can apply for a quote today.ĭepending on the policy you choose, flood insurance can cover buildings (i.e., your home or your office building), the contents in a building, or both.Mitigation: assisting local communities by supporting floodplain management efforts that reduce the built environment’s exposure to floodwaters.Risk Mapping: identifying flood hazards by mapping riverine wetlands (such as rivers, creeks, and waterways) and coastal areas.The NFIP tackles flooding risks through three significant approaches: The program officially became a part of the Federal Emergency Management Agency (FEMA) in 1979. With a solid history of 54 years behind it, the NFIP has worked to accomplish two primary goals: protecting property owners and reducing future flood damage. They make federally backed flood insurance available to residents and business owners. NFIP’s mission is to help people before, during, and after flood disasters. The program provides priceless aid for those facing the financial hardships of flooding. How the National Flood Insurance Program (NFIP) Worksįortunately, the NFIP has protected American homes and businesses, and their contents, since 1968. And no community can escape the realities of poor drainage systems, neighborhood construction that can inhibit natural runoff, and broken water mains. Not to mention, the relatively flat terrain of our state means rising rivers tend to spread water further out from riverbanks. Even if you don’t live along a coast, river, dam, or levee, you may not be safe from flooding. The Florida Division of Emergency Management reports that flooding is one of Florida’s most frequent hazards, calling it “a coast-to-coast threat that can occur at any time of the year.”ĭon’t underestimate the power of hurricanes, tropical storms, heavy rain and flash floods. Plus, its financial consequences can be staggering. The devastation it brings to all 50 states is not typically covered by homeowners insurance policies. Protect Your Home and Business Against Flooding Through the National Flood Insurance Program and Farm Bureau Insurance Flooding in Floridaįlooding is the most common natural disaster in America. ![]()
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