25% of homes with flood claims each year are in low risk zones.
Private insurance companies and the federal government recognized that their association would improve the overall success of the program. Accordingly, insurance companies administer the program, but the federal government funds the insurance.
Voluntary flood insurance policies are not enforced until 30 days after purchase.
There are some homeowner endorsements that will cover a back-up or overflow of sewers or drains or a sump-pump. These type losses sometimes do occur during flooding events. These endorsements will often have dollar limits substantially less than the flood policy
90% of all natural disasters have some form of flooding.