Therefore, I don't need to buy flood insurance for my home and belongings. Federal Emergency Management Agency disaster aid is only available during Presidentially declared disasters. Federal aid may often be in the form of a loan that you must pay back with interest. Flood insurance policies pay claims whether or not a disaster is declared. So, I don't need to buy flood insurance.
Floods can occur anywhere.
An area that is near a levee or a dam is at risk of levee or dam breakage. You may still buy flood insurance. It doesn't really affect me. Flood insurance is one of the best ways to keep disaster relief costs down for all taxpayers. Flood insurance is available to protect homes, condominiums and nonresidential buildings including farm and commercial structures in participating communities.