Flood Zone
Updated: 04 January 2025
What Does Flood Zone Mean?
A flood zone is an area designated based on its level of flood risk, often located near water sources such as rivers, oceans, or lakes.
Residents in flood zones are typically required to purchase flood insurance as a supplement to their standard homeowners’ policy.
Insuranceopedia Explains Flood Zone
FEMA provides charts that identify flood zones, which play a crucial role in the underwriting process. Since floods can cause significant property damage, sometimes resulting in the total loss of homes or commercial buildings, these charts help insurers assess risk. Property owners in flood-prone areas, such as Tampa, FL, often face challenges when it comes to securing insurance.
