How much flood insurance is required?

Answer Flood insurance is available through the National Flood Insurance Program, in amounts ranging from $100,000 to $500,000. The amount required will depend on the location and type of structure to be ... Read More »

Top Q&A For: How much flood insurance is required

When is flood insurance required by the FDIC?

In general, the Federal Deposit Insurance Corporation (FDIC) requires flood insurance on any buildings, mobile homes or personal property used to secure loans in areas determined by the Federal Eme... Read More »

Is flood insurance required in California?

California flood insurance is required only for those who purchase homes located in high-risk flood areas through a federally regulated lender. FEMA conducts studies to determine which areas are at... Read More »

Are lenders requiring flood insurance in flood zones?

On One Hand: Insurance is NecessaryAccording to the United States Department of the Treasury, banks have to require you to purchase flood insurance before giving you a mortgage if the property is o... Read More »

IF my upstairs condo is untouched by a flood but the building's ground floor is damaged so badly that the entire building is unlivable would my flood insurance protect me?

Let's first review what a condo is. A condominium is an arrangement in which you own your own living space outright (your condo apartment), and you share joint ownership (with all the other condo o... Read More »