Flood insurance

To determine risk factors for specific properties, insurers will often refer to topographical maps that denote lowlands, floodplains and other areas that are susceptible to flooding.

[7] Flooding is defined by the Federal Emergency Management Agency (FEMA) as a general and temporary condition of partial or complete inundation of two or more acres of normally dry land area or two or more properties (at least one of which is your property) from: Overflow of inland waters, unusual and rapid accumulation or runoff of surface waters from any source, and mudflows.

In response to this, the federal government created the National Flood Insurance Program (NFIP) in 1968.

[9] The National Association of Insurance Commissioners (NAIC) found that 33 percent of U.S. heads of household still hold the false belief that flood damage is covered by a standard homeowners policy.

In March 2016, TypTap Insurance became the first private market, admitted carrier in the state of Florida to offer non-NFIP flood coverage to policyholders.

[14] Usually, the British insurers require from clients living in Flood Risk Areas to flood-proof their homes or face much higher premiums and excesses (American English: deductible).