How Are Flood Zones Determined?

By definition, flood zones are considered areas that are prone to significant flooding during a weather or disaster event. The Federal Emergency Management Agency or FEMA for short, designates flood areas alphabetically by zone from A to X. Homes and businesses that are designated as being in high-risk flood zones with government-backed mortgages are required to carry flood insurance. To determine if you live in a flood zone, FEMA’s website maintains a map that allows you to see what areas are designated in what zones. In addition, many local governments maintain historical flood data and can be referenced whether you are shopping for a home to purchase or wondering whether you will need to have flood insurance in the future. 

Even if you do not live in a zone required by your mortgage lender to carry flood insurance, it is always a good idea to have the optional coverage. Historically speaking, as climate change continues to increase the number of dangerous storms flooding is on the rise and it is even impacting areas that have not experienced significant flooding in the past. Just one inch of flood damage causes an average of $25,000 in damage and is typically not covered under a homeowner’s insurance policy. 

Ultimately, flood insurance can be purchased for a relatively nominal cost and offers additional protection for homeowners from costly damage repair. When shopping for flood insurance, let the team at Sharp Insurance & Financial Services in Ashland, KY assist in the purchasing process. We’ll help you find the right policy for your needs and make it as easy as possible. Give us a call today to schedule a no-obligation consultation.