![]() From 1978 through October 2013, over 2 million losses were paid, totaling over $50 billion. As of October 2013, there were 5.5 million residential and commercial policies in force, with over $1.28 trillion in written coverage with annual premiums of about $3.8 billion. Since its inception in 1968, the NFIP has been very successful in helping flood victims get back on their feet. The National Flood Insurance Program (NFIP) provides federally backed flood insurance within communities that enact and enforce floodplain regulations. If you need help finding a provider go to /flood-insurance-provider or call the NFIP at 87.įor additional Flood Insurance and NFIP Information go to: To purchase flood insurance, call your insurance company or insurance agent, the same person who sells your home or auto insurance. To obtain flood insurance, please visit your local insurance agent: NFIP Flood Insurance Information For homes in high-risk areas (e.g., Special Flood Hazard Areas or AE, VE Zones) built after the first Flood Insurance Rate Maps were drawn for that community, the elevation of the building in relation to the base flood elevation is also required. These factors include: the amount and type of coverage being purchased, location and flood zone, and the design and age of your structure. A number of factors are considered when determining your flood insurance premium. FEMA will continue to identify and publish special flood hazards and flood risk zones as authorized and required by Congress. This law repeals and modifies certain provisions of the Biggert-Waters Flood Insurance Reform Act, which was enacted in 2012. ![]() On March 21, 2014, President Obama signed the Homeowner Flood Insurance Affordability Act of 2014 into law. Participating communities agree to adopt and enforce ordinances that meet or exceed FEMA requirements to reduce the risk of flooding. ![]() The NFIP offers flood insurance to homeowners, renters, and business owners if their community participates in the NFIP. Guilford County is a participating community in the NFIP, which makes federally backed insurance available to all buildings, regardless of whether or not they are in a high-risk area. For voluntary policies, there is a 30-day waiting period from the time a new insurance policy is purchased to when it actually goes into effect. It is important to know that if you have a federally backed mortgage on a home located in a high-risk area, federal law requires you to purchase flood insurance. The NFIP is the sole provider of policies to repair damage to buildings (structures) and to compensate owners and renters for loss of contents (personal property) caused by floods. In 1968, Congress created the National Flood Insurance Program (NFIP) to help provide a means for property owners to financially protect themselves. It is important to have protection from the floods associated with heavy rains and other flood conditions that may impact our community. Standard homeowners insurance does not cover property damage, loss or clean-up costs resulting from flooding. Illicit Discharge Detection and Elimination.Stormwater Management/Watershed Protection Ordinance.Compliance with Jordan Lake Nutrient Strategy Rules.Stormwater Management Regulations and Requirements +.Hazard Mitigation and Disaster Response.What to do Before, During and After a Flood.Participation in the Community Rating System Program.Flood Map Update - Preliminary Flood Maps. ![]()
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