Missouri Flood Insurance
Of all the types of disasters that can occur in the United States, flooding is ranked as #1 which has been reported by the Federal Emergency Management Agency (FEMA). The agents at Missouri Flood Insurance, in affiliation with National Flood Insurance, LLC, work exclusively with flood insurance in the State of Missouri and strive to provide the best information and service to the communities they serve.
Missouri residents in understanding the basics of flood insurance and to clarify some common misconceptions about flood insurance and insurance regulation. One of these common misconceptions is that your homeowner’s insurance will cover any flood related claims. The truth is that more than 50% of properties in high risk flood zones are unprotected and their homeowner’s insurance policy does not cover flooding. A second common misconception is that it is very costly to obtain flood insurance. If your home is considered to be in a FEMA determined low risk zone, you would be able to acquire a flood insurance policy for as little as $129 for the entire year. It is sometimes believed that a person’s home or business may not be located in a flood zone simply because there is no water source near the location. The fact of the matter is that where ever it rains or even snows, it can also flood.
The flood insurance specialists at National Flood Insurance, LLC, the parent company of Missouri Flood Insurance, have extensive knowledge of flood insurance as well as current National Flood Insurance Program (NFIP) legislation and are happy to assist you with any and all of your questions and concerns. The agents at Missouri Flood Insurance and National Flood Insurance, LLC, are direct representatives of FEMA and process flood insurance policies through the National Flood Insurance Program.
Call our agents today at 1-888-900-0404 to get a free Flood Zone Determination, a free flood insurance quote, or just to discuss your flood insurance related questions. Do not get caught without flood insurance. Protect your home and call us today!
The Historical Background of the NFIP?
Congress had passed the National Flood Insurance Act for several reasons including: growing concerns with flood preparations, the rising costs of flood insurance, and the handling of the aftermaths of flooding events. This Act that was enacted in 1968 gave way to the National Flood Insurance Program, commonly referred to as the NFIP. It aided in subsidizing the high costs of flood insurance as well as instituting higher standards in the field of construction which would inevitably assist in lessening the damages during flooding events. In that period of time the NFIP was housed under the Department of Housing and Urban Development.
In 1972 there were less than 100,000 flood insurance policies in force nationwide. In that same year Hurricane Agnes devastated a wide area of the eastern United States and caused approximately $4 billion in damages. Congress investigated and noted that very few buildings were insured for flood and this led to the Flood Disaster Protection Act passed in 1973. This Act further amended the National Flood Insurance Act previously passed in 1968.
The Flood Disaster Protection Act of 1973 required buildings located in identified flood hazard areas to have flood insurance coverage as a condition of receiving federal aid or loans from federally insured banks for federal disaster assistance. By the end of the 1970’s, there were approximately two million flood policies in force.
Today the National Flood Insurance Program is administered by FEMA within the Department of Homeland Security.