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My property lies in a regulatory floodplain, but my community does not participate in the National Flood Insurance Program. Am I prohibited from purchasing flood insurance?

April 26, 2017flood floodplain Insurance lies National participate program Property regulatory

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My property lies in a regulatory floodplain, but my community does not participate in the National Flood Insurance Program. Am I prohibited from purchasing flood insurance?

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No. You may still buy flood insurance if your community doesn’t participate in the NFIP; however, it will likely be more expensive because the premium is rated on the degree of risk involved and is based upon the relationship between the 100-year flood elevation and your home’s lowest floor.