![]() ![]() Government assistance is offered only when the President makes an official disaster declaration. Some limited relief might be obtainable through government aid such as low interest loans. Without flood insurance, losses due to flooding must be paid out of pocket. Flood risk isn’t just based on history, it’s also based on a number of factors: rainfall, river-flow and tidal-surge data, topography, flood-control measures, and changes due to building and development.īecause Walton County participates in the National Flood Insurance Program (NFIP), all county residents, with some exceptions within Coastal Barrier Resource Areas, qualify to purchase NFIP flood insurance. ![]() Just because you haven’t experienced a flood in the past, doesn’t mean you won’t in the future. Just because your home or business is located outside of the area of special flood hazard doesn’t mean that you are not susceptible to flooding. One fact to consider is that 25% of all flood insurance claims are for structures outside of the area of special flood hazard. Damages associated with floods can easily total $25,000 or more. Flooding is by far nature's most common natural disaster. Hazard insurance may cover fire and wind damage, but almost never covers damage from flooding. Flooding in Walton County can come from surges generated by a coastal tropical storm, or from rising waters due to heavy inland rains or stormwater runoff. Even if you are not required by your lender to have flood insurance, serious consideration should be given to purchasing it anyway. You can also find these maps using the FEMA Map Service Center link below.Flooding can occur anywhere, anytime. These maps can help you learn if your property is located in a high-risk or a moderate- to low-risk flood zone. Your community maintains a collection of Flood Insurance Rate Maps (FIRMs). They can tell you what you qualify for and what the coverage options are. Contact your homeowners or property insurance agent to learn more. Many licensed insurance agents write NFIP flood insurance, just like other property coverage. You need to learn the specific requirements for your address and community. Federal laws also require that property in high flood risk areas maintain continuous flood insurance. Many forms of disaster assistance, though, require that you have and keep flood insurance to qualify. It is insurance to help property owners recover more quickly after a loss. This insurance helps cover repairs for flood damage to buildings and contents.įederal flood insurance is not a disaster-assistance program. The National Flood Insurance Program (NFIP) allows homeowners, business owners, and renters in communities that participate in the NFIP to buy federally backed flood insurance. ![]()
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