Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

What is a high risk flood zone?

April 26, 2017flood high risk zone

0

Posted

What is a high risk flood zone?

1 Answer

0

Posted

A high risk flood zone has the official designation Zone A on the FEMA flood maps. Another term for Zone A is a 100-year flood zone. This means that your home has a 1 percent chance of flooding in any given year. In addition, FEMA states that whether you are in a high risk flood zone or not, your home has a 26 percent chance of being damaged by a flood during the course of a 30-year mortgage, compared to only a 9 percent chance of fire. Your homeowners insurance covers fire damage. Shouldnt you also be covered for flood damage?