Contact your insurance agent for more details. People in low-to-moderate-risk areas may be eligible for the Preferred Risk Policy with flood insurance premiums as low as $112 a year. Although flood insurance is not required for low and moderate risk properties, Harris County recommends everyone know their risk and options for purchasing flood insurance.Ī: The average premium for a yearly flood insurance policy is approximately $500. Remember, everyone has some risk of flooding. Q: Am I required to purchase flood insurance?Ī: Yes, if your property is located in a high risk area or Special Flood Hazard Area and you have a federally backed mortgage such as FHA or VA loan. Q: Does standard homeowner's insurance cover losses and damages due to flooding? A Permit is needed to make sure the changes comply with Harris County's Floodplain Management Regulations. Q: Do I need a permit to grade, build or renovate in a floodplain?Ī: Yes. Contact the Harris County Permit Office at (713) 956-3000 for more information on these requirements. However, floodplain development restrictions apply to grading, new construction and some renovations. Q: Can I build on property in a floodplain?Ī: Yes. Federally-backed flood insurance is available to people outside of the 100-year flood zone as well. 100 year flood free#People outside of the 100-year floodplain are not free of risk. Q: What are my odds of flooding within a 100-year floodplain?Ī: If your home is in the 100-year floodplain, it has a 26% chance of getting flooded over a 30-year mortgage period, which is about five times higher than the risk for a severe fire! Your risk of flooding will increase if your home is located in a lower-lying area of the 100-year floodplain. Separate studies are done for communities because floodplain levels vary depending on an area's characteristics. Q: Who sets the boundaries of floodplain?Ī: The Federal Emergency Management Agency, working with local governments, sets the 100-year floodplain boundaries through flood insurance rate studies. That percentage holds true every year, regardless of how many floods have occurred in previous years, or their severity. For example, a home in a 100-year floodplain has a one in 100 (or 1 percent) chance each year of being flooded. These numbers indicate the likelihood that a particular area will flood in a year's time. There are many levels of floods: 500-year, 100-year, 20-year, and 10-year, for example. It is not the flood that will occur once every 100 year. A: The term "100-year flood" is misleading.
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