The zones indicate either high, moderate, or minimal flood risk. What most people mean by this statement is that they are not in a high-risk flood zone. But the good news is that homeowners in these moderate and low risk flood zones are eligible for discounted flood insurance under the Preferred Risk Policy.
Floods are the most common form of natural disaster.
For people who don t carry flood insurance, their only assistance will come in the form of a loan. Disaster assistance will be available if my home or business is flooded. Before a community is eligible for disaster assistance, it must be declared a Federal disaster area. Flood insurance is available to protect homes, condominiums, apartments, and non-residential buildings, including commercial structures. Unfortunately, many property owners do not find out until it is too late that property policies don t cover flooding.