Just posting this as FYI. I pasted just one of the Myths/Facts; the article has several. --T

Did You Know: Facts and Myths About Flood Insurance
http://www.rothstein.com/blog/2008/12 ... hs-about-flood-insurance/

As thousands of Texans affected by Hurricane Ike file claims for policies underwritten by the National Flood Insurance Program (NFIP), interest in the program is growing. Here are some myths and facts about the program.


MYTH: You can’t buy flood insurance if you are located in a high-flood-risk area.

FACT: You can buy federal flood insurance no matter where you live if your community participates in the NFIP, unless your property is in an area covered by the Coastal Barrier Resources Act of 1982 (CBRA). The NFIP was created in 1968 to provide flood insurance to people who live in areas with the greatest risk of flooding, called Special Flood Hazard Areas (SFHAs) or the regulatory floodplain. In fact, under the National Flood Insurance Act, lenders must require borrowers whose property is located within a regulatory floodplain to purchase flood insurance as a condition of receiving a federally regulated mortgage loan. Lenders should notify borrowers that their property is located in a regulatory floodplain and that affordable federal flood insurance is available. Flood insurance on homes located above or outside the mapped floodplain is very affordable; insurance for homes deep in the floodplain may cost substantially more.