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Did You Know... Nearly 25% of flood insurance claims come from low-to-moderate risk areas.

Flood Insurance

Flood Costs

Georgia Flood Insurance

According to the Federal Emergency Management Agency (FEMA), flooding is the most frequently-occurring natural disaster in the United States. Alongside National Flood Insurance, LLC, Georgia Flood Insurance works solely with flood insurance in Georgia and diligently strives to provide the most up-to-date information as well as top-notch customer service.

The mission of Georgia Flood Insurance is to help the residents of Georgia navigate the waters of flood insurance and to address the misconceptions that exist. The most commonly-held misconceptions are:

Flood damage will be covered by homeowners insurance policies

All-too-often, home and business owners discover that their homeowners insurance policies will not typically cover flood damage after a flood has occurred.

Flood insurance is not affordable

For homes or businesses in low-to-moderate flood risk zones, flood insurance can be secured for as little as $129 a year, making coverage very affordable.

A home or business is not located near a water source and therefore does not need to carry flood insurance Potential flood risk is not determined by being located near a source of water. The fact is, any precipitation can cause flooding, and every inch of Georgia carries a FEMA-designated flood zone risk of varying levels.

The agents at Georgia Flood Insurance are well-versed in flood insurance and work to maintain current information on National Flood Insurance legislation. Because they specialize exclusively in flood insurance within the state of Georgia, they are readily able to assist the customers they serve with all of their flood insurance needs. As direct representatives of FEMA, Georgia Flood Insurance, through their parent company National Flood Insurance, LLC, processes every flood insurance policy through the National Flood Insurance Program (NFIP).

We would love to hear from you! Please call 1-888-900-0404 for a free consultation that includes a flood zone determination, flood insurance quote, and answers to any questions you might have. Protecting your home or business is of paramount importance, so please don't delay.

What is the history of the NFIP?

During the mid-twentieth century, flood concerns were handled by the construction of dams, sea walls, and levees. In the 1920s, the insurance industry reviewed the costs of flood insurance and came to the conclusion that premiums would be too expensive for the average person and that only those who owned properties in high-risk areas would purchase coverage. As a result, the industry chose not to offer flood insurance coverage. Congress realized very quickly that, with no flood insurance coverage available from private insurance companies, floods and the damage they caused would be a huge problem for any property owners with buildings in flood plains because the cost to repair flood damage was expensive.

This prompted Congress to pass the National Flood Insurance Act in 1968 which led to the creation of the National Flood Insurance Program (NFIP.) Initially, the NFIP was formed to help alleviate the cost of flood insurance premiums through subsidization, encourage development in areas other than those determined high-risk, and require buildings to be constructed in such a way so as to minimize or prevent flood damage. Originally, the NFIP was part of the Department of Housing and Urban Development (HUD).

In early 1972, the number of flood insurance policies across the nation numbered less than 100,000. This began to change when Hurricane Agnes roared ashore mid-year and caused nearly $4 billion in damages. After a congressional investigation, it was determined that very few buildings - homes or businesses - carried flood insurance. This determination led to the Flood Disaster Protection Act which amended 1968's National Flood Insurance Act. 1973's Flood Disaster Protection Act made flood insurance a requirement for any structures in zones that were determined to be at risk of flooding if their owners wanted to be able to receive federal disaster assistance by way of federal aid or FDIC-insured bank loans. As the 1970s closed, the nationwide number of flood insurance policies had swelled to nearly 2 million.

5.6 Million Flood Insurance Policies

Thirty years later, the number of nationwide flood insurance policies reached roughly 5.6 million. In Georgia, the number reached nearly 97,000. As populations increase and the number of home and business owners rise, the number of flood insurance policies in effect will follow the upward trend.

Currently, flood insurance has been made available to more than 20,000 United States communities and territories thanks to the NFIP. Additionally, more and more private insurance companies are offering federally-backed flood insurance. Federal assistance will remain a crucial piece of disaster recovery, but even still, the NFIP saves millions of dollars a year in taxpayer money.

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