Here is what you need to know about flood zones before purchasing a home. FEMA has designated two main types of flood areas: Special Flood Hazard Areas (SFHAs) and Non-Special Flood Hazard Area (NSFHA). There are two basic types of flood insurance you can get: the government-backed option which is called the National Flood Insurance Program (NFIP) or private flood insurance. National Flood Insurance Program (NFIP)Consumers can get the NFIP flood insurance if their community participates in the program. Depending on where you live and what your policy covers, flood insurance can start at $80 per month on average.

Source: Forbes July 09, 2021 18:22 UTC