Floods can happen anywhere, at any time. Residents who live in and outside of a high-risk area should know their risk and consider protection. Even if you live outside the high-risk zone, and are not required by law to purchase flood insurance, you are still at risk and should consider flood insurance. Flooding is not typically covered by homeowners insurance.
It is important to know that if you have a mortgage from a federally regulated or insured lender on a home located in a high-risk area, federal law requires you to purchase flood insurance. Also, if you’ve received a federal grant or loan for previous flood losses, you must have a flood policy to qualify for future aid.