National Flood Insurance Program (NFIP)

The National Flood Insurance Program (NFIP) protects your home and belongings in the event of a flood. Traditional homeowners and renters insurance does not cover flood damage. A federal flood insurance policy is the only way to make sure your home is covered. Important details • Where it can rain, it can flood. Even if your home is not on the coast flood insurance is available. • Policies are available for all NYC residents, including renters and business owners. • You are federally required to have flood insurance if: • you live in a high-risk flood zone and have a federally-backed mortgage; or • you previously received federal disaster assistance for flood damage • Flood insurance covers losses directly caused by flooding. There are insurance policies to cover your building and/or belongings. • Even though it's a federal program, you can buy a flood insurance policy through a private insurer. • NFIP sets standard flood insurance rates based on your property. • Regardless of the insurance agent, you should get the same quote for the same policy. You shouldn't need to shop around. • FEMA determines how much you pay for flood insurance based on several factors , such as the location of the home. How to apply Ask your insurance agent if they offer flood insurance. You can also find and contact a flood insurance provider. Ask these 5 questions to make sure you get the best policy for you. How to get help • Visit floodhelpny.org to learn more about flood insurance. • You can also learn more at floodsmart.gov , the official site for NFIP.