"National Flood Insurance rates in mapped floodplains are already extremely affordable, but our Preferred Risk rates can be a real bargain; annual premiums start at $119 for building and contents coverage," said FEMA Federal Coordinating Officer, Justo Hernandez. "And statistics show that over one quarter of all claims paid by the National Flood Insurance Program (NFIP) is for policies in low- or moderate-risk communities."
A home can be covered up to $250,000 for the dwelling and $100,000 for contents. Replacement cost coverage is available for single-family, primary residences. Renters can purchase insurance for contents only. Business owners are also eligible for Preferred Risk Flood Insurance. Commercial premiums start at $550 per year for the building, or $145 per year for contents only. Non-residential coverage can be purchased for up to $500,000 for the dwelling, and $500,000 for the contents.
For more information, call 1-800-427-4661, or visit: www.floodsmart.gov. At the Web site you can enter your home or business address to view your flood-risk level, and find an insurance agent near you who sells NFIP policies.