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Floodwaters have the power to damage not only your home and sense of security, but also your financial future. How can you protect your most important investment in case of flooding?

 

Option 1: Hope that you'll receive Federal disaster relief if a flood hits.


Many people wrongly believe that the U.S. government will take care of all their financial needs if they suffer damage due to flooding. The truth is that Federal disaster assistance is only available if the President formally declares a disaster. Even if you do get disaster assistance, it's often a loan you have to repay, with interest, in addition to your mortgage loan that you still owe on the damaged property.



Most importantly, you must consider the fact that if your home is flooded and disaster assistance isn't offered, you'll have to shoulder the massive damage costs alone. The bottom line is that if you're looking for secure protection from financial loss due to flood damage, Federal disaster assistance is not the answer.

 



Option 2: Buy flood insurance and stay protected no matter what.


When disaster strikes, flood insurance policyholder claims are paid even if a disaster is not Federally declared. Flood insurance means you'll be reimbursed for all your covered losses. And unlike Federal aid, it never has to be repaid.

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In general, a policy does not take effect until 30 days after you purchase flood insurance. So, if the weather forecast announces a flood alert for your area and you go to purchase coverage, it's already too late. You will not be insured if you buy a policy a few days before a flood.

 

 

There's something you should know: Flood losses are not covered by your homeowners insurance policy.

Tennessee Flood Insurance

Definition of FLOOD

A general and temporary condition of partial or complete inundation of normally dry land areas from overflow of inland or tidal waters or from the unusual and rapid accumulation or runoff of surface waters from any source. If the property meets the FEMA (Federal Emergency Management Agency) norms, it can be removed from special flood hazard areas.

 

Overview

We complete Flood Zone Determination Request by providing the necessary flood information of the address. This is done by determining the location of the property on the FEMA. (FEMA has defined according to different levels of flood risk. These zones are described on a community's Flood Insurance Rate Map (FIRM) or Flood Hazard Boundary Map. Each zone reflects the severity of Flood in their respective areas or zones.

 

 

 

 

Flood Insurance Risk Zones means zone designations on Flood Hazard Boundary Map (FHBM) and "Flood Insurance Rate Map (FIRM) that indicate the magnitude of the flood hazard in specific areas of a community. Following are the zone definitions:

 

  • Zone A: Special flood hazard areas inundated by the 100-year flood; base flood elevations are not determined.

  • Zone A1-30 and Zone AE: Special flood hazard areas inundated by the 100-year flood; base flood elevations are determined.

  • Zone AO: Special flood hazard areas inundated by the 100-year flood; with flood depths of 1 to 3 feet (usually sheet flow on sloping terrain); average depths determined.

  • Zone AH: Special flood hazard areas inundated by the 100-year flood; flood depths of 1 to 3 feet (usually areas of ponding); base flood elevations are determined.

  • Zone A99: Special flood hazard areas inundated by the 100-year flood to be protected from the 100-year flood by a Federal flood protection system under construction; no base flood elevations are determined.

  • Zone B and Zone X (shaded): Areas of 500-year flood; areas subject to the 100-year flood with average depths of less than 1 foot or with contributing drainage area less than 1 square mile; and areas protected by levees from the base flood.

  • Zone C and Zone X (un-shaded): Areas determined to be outside the 500-year floodplain

  • Zone D: Are usually undetermined risks.

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