You never know when a flood will occur. Floods can happen anytime, anywhere – to anyone.

• 25% of all flood insurance claims are submitted by policyholders in low to moderate risk areas.
• Policyholders in high risk areas have a 26% chance of experiencing a flood over the life of a 30-year mortgage.
• Just because you haven't experienced a flood yet doesn't mean you never will.

You can save money by annually renewing your coverage.

• Most policyholders living in areas where the flood risk has increased can renew at the same lower rate, based on their previous flood zone (also known as grandfathering).
• Continuous flood insurance coverage gives you continuous protection against financial loss due to flood damage.

You could end up losing money if your policy lapses.

• If your policy lapses and the Flood Insurance Rate Map is updated, a subsequent policy could be charged a higher premium that reflects an increased flood risk.
• If you rely on Federal disaster assistance, it often comes in the form of loans that must be repaid with interest.

Your bank is counting on you to protect your investment.

• When you purchase a home, you accept liability for any damage (from fire, wind, hail, theft…and flooding) that may occur as long as you own your home.
• Your homeowners insurance does not cover floods.
• If you live in a high-risk area, and if you have a federally regulated home loan, flood insurance renewal is required.