In the past 25 years, the NFIP has paid one-quarter of its claims to cover flood losses to those homes in moderate to minimal flood risk zones. When a flood occurs, there is no guarantee that it will be declared a Federal disaster and that you will qualify for Federal assistance. Disaster relief is often in the form of a low-interest loan that must be repaid. This adds to your total debt and may wipe out any equity that you have accumulated. As a condition for receiving disaster assistance, the homeowner must purchase and maintain a flood insurance policy for future protection.
Most people invest a major part of their income in a home.
Protecting these assets from loss must be a concern. Life is not waterproof-Be flood alert.