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FEMA Fact Sheet - Flood Insurance

In Florida, less than 50 percent of those living in a high-risk flood areas carry flood insurance; after Hurricane Irma, many others probably wished they did. Information below may assist in making the decision to purchase.

  • In the U.S., floods are the most common and costly of natural disasters causing millions of dollars in damage every year.
  • Floods can happen anywhere. More than 20 percent of flood claims come from properties outside the high risk flood zones.
  • Homeowners and renters insurance does not cover flood damage.
  • Flood insurance can pay claims when there is no presidentially-declared disaster.
  • Most federal disaster assistance comes in the form of low-interest disaster loans from the U.S. Business Administration (SBA) and you have to pay the loans back. The Federal Emergency Management Agency (FEMA) offers disaster grants that do not have to be paid back, but this amount is often much less than what is needed to recover. A claim against your flood insurance policy could and often does provide more funds for recovery than what you could be eligible for from a FEMA Individual Assistance grant or an SBA loan. You do not have to pay these funds back.

Click below for the full fact sheet.

FEMA Fact Sheet FS 030 Flood Insurance