Countless communities across the United States participate in the National Flood Insurance Program, which qualifies their residents to receive flood insurance. These communities work with the NFIP to analyze flood data and map the flood risks in different areas.
In communities with the highest flood risks, residents with mortgages will probably have to buy a flood insurance policy through the NFIP. When you take out a mortgage, and the lender sees that you live in a high-risk flood zone, they are likely required by law to ensure that you buy flood insurance.
Residents of low- or medium-risk flood zones also have the option to buy this coverage, and we highly recommend that you do so.
For more information on which North Carolina communities participate in the NFIP, click here.