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. Contents coverage also is available, so coverage is available to renters as well. Consult your local insurance agent for details . However, there is a 30-day waiting period after you have applied and paid the premium before the policy is in effect. The policy will not, however, cover a loss in progress.