https://www.floodsmart.gov/flood-insuranceIn the life of a 30-year mortgage, there is a 26% chance of flooding. Regardless of your location to flood zones, everyone in West University Place is encouraged to purchase flood insurance. Basic homeowner’s insurance policies do not cover damage from floods. The City participates in the National Flood Insurance Program, which means that federally subsidized flood insurance is available to everyone in the city. Remember there is a 30-day waiting period before the policy becomes effective. Some people purchased flood insurance because it was required by the bank or loan company when they obtained a mortgage or home improvement loan. Usually these policies just cover the building’s structure and not the contents; however, policies are also available to cover contents. Remember that a flood insurance policy must be renewed every year. Visit Floodsmart: The Official Site of the National Flood Insurance Program for more details on flood insurance including types of policies, coverage options, and other useful information.
Flood insurance is the best way to stay protected against flooding damage, but there are alternatives - financial assistance options (PDF).
The following FEMA publications may also provide more information:
- Things You Should Know about Flood Insurance
- Summary of Coverage
- Cheaper Flood Insurance: 5 Ways to Lower the Cost of Your Flood Insurance Premium
- Flood Insurance Claims Handbook
- Filing Your Flood Insurance Claim
- Appealing Your Flood Insurance Claim
- Answers to Questions about the National Flood Insurance Program
Community Rating System
Effective October 1, 2020, property owners in the City of West University Place who are in the 100-year flood zone may be eligible for a reduction in flood insurance premiums because of the City's active participation in the National Flood Insurance Program's (NFIP) Community Rating System (CRS). The City of West University Place recently received a rating of 7. The CRS program is a voluntary, incentive-based community program that recognizes, encourages and rewards local floodplain management activities that exceed the minimum standard of the NFIP. CRS provides a variety of technical resources to help participating communities implement flood risk management programs designed to reduce and avoid flood losses and promote the awareness of flood insurance. For more information on the NFIP's CRS program, please visit National Flood Insurance Program Community Rating System.
For additional questions regarding the City's CRS, please call 713.662.5833.