What Is a Flood Insurance Rate Map?
Millions of Americans have flood insurance coverage for their homes. Even more Americans should have flood insurance, but they don’t. One of the most common reasons why flood insurance is not purchased is because of the price. Not having flood insurance coverage is something that can cause emotional, physical, and financial turmoil. If you are a homeowner who currently does not have flood insurance, you need to determine whether or not you should get it. The easiest way to determine whether or not you need flood insurance is to determine your risk of flooding. This flooding may occur monthly, yearly, or every few years. If your basement floods with water every time it rains, you should obtain flood insurance if you do not already have it. Previous flood damage is the most obvious sign that you should have flood insurance, but not all individuals are able to see the signs. That is why the Federal Emergency Management Agency (FEMA) developed Flood Insurance Rate Maps. A Flood Insurance R
