National Flood Insurance Program Help Centerįloods are the most common natural disaster in the United States, causing billions of dollars of damage annually, and may lead to deaths. Check with your insurance provider to determine what steps, if any, may lower your premiums.Ĭheck out the NFIP's website: Researching the method best fit for your property is important because certain retrofits can be expensive and require maintenance. FEMA provides 6 different methods to retrofitting a home: elevation, wet floodproofing, dry floodproofing, relocation, building levees and floodwalls, and demolition. Retrofitting the property can potentially mitigate flood damage to the property, and therefore may lower premium rates. Lower premium rates can be made possible by retrofitting the property. Be sure to review the provisions in the Act to see how those may affect your policy into the future. When Congress passed the Homeowner Flood Insurance Affordability Act in 2014, there were automatic rate increases built into existing NFIP policies. Check with your insurance agent to determine what your homeowner’s policy will or will not cover.įlood insurance rates are always subject to change. Like any insurance policy, flood insurance rates and coverage are always subject to change. Personal property damage and water-related damage, including floods, may be exclusions or limitations in your homeowner’s policy. In addition, the CT Department of Insurance may have approved insurance policy options but please be mindful that leaving NFIP may impact any grandfathering provision and other aspects of NFIP should you later decide you want to return to that policy.Ĭheck your homeowner’s insurance policy to see what, if anything, is covered if damage is directly or indirectly related to a flood. There are limitations on coverage available through NFIP so you may wish to consider excess coverage policies. Use FEMA’s Flood Map Service Center to determine if your property is presently designated in a flood zone.Įxcess coverage and alternative policy options may be available. Flood Smart, the official site of the National Flood Insurance Program: įlood insurance is a requirement for many types of mortgages.įederally funded flood insurance is available in cities that participate in the National Flood Insurance Program (NFIP). Connecticut’s Department of Energy & Environmental Protection (DEEP) reports that “currently, all Connecticut municipalities participate in the NFIP.” Many areas of Connecticut are located within a flood zone - whether low, moderate, or high risk depending on the area.CT Insurance Department: Flood Insurance Fact Sheet.Conduct a thorough home inventory: Insurance Information Institute Info.CT REALTOR Info Sheet: 10 Ways to Prevent Flood Damage.
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You will also find some basic retrofitting tips that may help to reduce premium costs with some policies along with tips on how to try to prevent flood damage. Here you will find links to information and tools offered by various federal and state agencies and programs.
CTR has compiled this resource section to help you navigate the often confusing and ever changing Flood insurance/mitigation landscape. The reality is many properties can suffer from flooding regardless of their proximity to the ocean and due to a variety of causes. To view and save the Flood Insurance Rate Map for a property, please visit the FEMA Flood Map Service Center website.People often associate flooding with properties built on the shoreline. Town of Madison Floodplain Management Ordinance The ordinance includes flood loss reduction building standards for development based on sound floodplain management principles that meet or exceed FEMA requirements. In accordance with the program participation requirements, the Town has enacted an ordinance regarding development and other activities within certain areas subject to flooding defined on the Flood Insurance Rate Maps for the Town. Participation by the Town in the program allows property owners to purchase NFIP flood insurance and receive disaster assistance for flood related damage.ĭetailed information on the National Flood Insurance Program including flooding causes, flood risks, flood mapping, and insurance information may be found at the FEMA FloodSmart website.
Like many communities in the State, the Town of Madison participates in the FEMA National Flood Insurance Program.
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