Flood Insurance & the National Flood Insurance Program
Since damages resulting from flooding are usually not covered under regular homeowner or business insurance policies, specific flood insurance policies are needed. Renters may also purchase contents coverage flood insurance. The National Flood Insurance Act of 1968 made affordable flood insurance possible through federally-subsidized programs. Property owners in incorporated County may purchase flood insurance that will typically cover structures and their contents from losses due to flooding. Improvements such as fencing, walls, swimming pools, landscaping or small storage sheds, however, are usually not covered by this insurance.
If your home is in a federally-mapped floodplain and you finance it with a loan backed by the federal government, then flood insurance is mandatory. Even when not required by law, it is always recommended that you consider the benefits of purchasing flood insurance. Many flood damaged structures are located outside of federally mapped floodplains. When you are planning to purchase a new home or property, always confirm the floodplain status of the property before you purchase the property. Please note that real estate agents are only required to determine if a property is within a federally mapped floodplain, so if your realtor provides flood information to you, be sure to verify whether or not the realtor has determined if the property is impacted by local floodplains. You can do this yourself by visiting FloodSmart.gov or viewing our digital maps.
Flood Insurance Basics
Community Rating System
The National Flood Insurance Program's Community Rating System (CRS) is designed to recognize and reward communities such as Henry County that work to reduce flood damages through various floodplain management and flood awareness activities. Administered by the Federal Emergency Management Agency (FEMA), the program can significantly reduce flood insurance premiums paid by local property owners.
Some of the local activities recognized in the CRS program include:
- Reducing potential flood damages to existing buildings, especially those that have incurred repeated flood damages in the past
- Improving management of developing areas that are not mapped by the National Flood Insurance Program
- Requiring greater protection than the minimum standards set by the National Flood Insurance Program
- Providing community-wide flood emergency response services
- Helping residents to obtain more information about flooding and flood insurance
By providing enhanced customer services and implementing higher regulatory standards, the county’s participation in the CRS allows residents of unincorporated Henry County to obtain lower flood insurance rates.
Please visit the following link learn more about Community Rating System (CRS).