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Flood insurance is not required for homeowners unless you live in a high-risk flood zone. However, many homeowners who have flood damage dont live in flood zones or have flood insurance.
If your home is in a high-risk flood area and you have obtained a mortgage through a federally-regulated or insured lender, you are required to purchase flood insurance.
Flooding, with an average cost of $4.7 billion per event. Winter storms, with an average cost of $4.2 billion per event. Freezes, with an average cost of $3.8 billion per event. Severe storms, with an average cost of $2.3 billion per event.
Floods are an expensive disaster to remedy. This is because they rip apart homes from the inside, they are very common, and it takes a lot of coordination between different industries to remedy. Having basement leaks cause d by an unavoidable flood is a tragedy.
If your home is in a high-risk flood area and you have obtained a mortgage through a federally-regulated or insured lender, you are required to purchase flood insurance.
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Flood Damage and Fatality Statistics 1TEXAS6122CALIFORNIA2553SOUTH DAKOTA2484VIRGINIA2415WEST VIRGINIA240
Water damage caused by flooding is not covered by homeowners or renters policies because it is considered a gradual event rather than sudden or accidental. As a rule of thumb, if the water first touches the ground before entering your home, it is considered flood damage.
Do you know your flood risk? You should if you live in Sussex County, Delaware, where more than one-fifth of all properties are within identified flood plains.
​Maryland is subject to flooding from several different sources. Flash floods tend to come after short periods of heavy rain and most often affect small streams and creeks. General flooding comes from more prolonged steady rain and tends to affect larger streams and rivers.
The 100-year Floodplain More than 331 square miles, or 17 percent of Delawares landmass, lie within a mapped 100-year floodplain.

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