Floods can happen even in drought and low snowpack years.
There is a 30 day waiting period for new flood insurance policies to take effect once they are purchased. Insurance is sold through a private insurance agent who wants to sell it in a community who has joined the program. The NFIP is based on an agreement between local communities and the federal government which states that if a community will implement measures to reduce future flood risks to new construction or substantial re-construction, the federal government will make flood insurance available within the community as financial protection against flood losses which do occur. It is very important to know that most homeowner's insurance policies do not cover losses from flooding. Homeowners may check with their local insurance agent to find out more about flood insurance coverages and costs.