Henderson, NV
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Flood Insurance
Federally subsidized flood insurance policies provide protection against damage to your home or business and its contents caused by naturally occurring flood events. These policies are available in communities that participate in the federal National Flood Insurance Program (NFIP) and adopt floodplain management ordinances that meet or exceed the Federal Emergency Management Agency (FEMA) regulations. The City of Henderson is actively participating in the NFIP’s Community Rating System making federally subsidized flood insurance available to Henderson residents and businesses.
Who Needs Flood Insurance
It can flood anywhere it rains. Approximately 30% of all flood insurance claims occur outside of the mapped Special Flood Hazard Area (SFHA). Property owners can insure their buildings and contents, and renters can insure their possessions to protect property and belongings regardless if they are in a SFHA or outside of the mapped area. Structures with a mortgage from a federally regulated institution and located within a mapped Special Flood Hazards Area (SFHA) are required to carry flood insurance.
Flood insurance is not included in the standard homeowner or renter’s insurance policy and must be purchased separately. If you are part of a homeowner association with a master insurance policy, flood insurance is not part of that coverage unless it was specifically requested. Even if you do not have a mortgage on your building, the City recommends you check to see if your property is located within, or in proximity to, a flood zone. Ask yourself: What is the flood risk where you live or work?
Where to Buy Flood Insurance
Flood insurance may be purchased from a licensed private insurance company or independent property and casualty insurance agent in Nevada. Talk to your insurance agent if you have questions, would like additional information, and/or are ready to purchase a flood insurance policy. If your insurance agent is unfamiliar with the NFIP or is not licensed to sell National Flood Insurance, you can find a local insurance provider by using FloodSmart.gov/find or contact the NFIP at (877) 336-2627.
Don’t wait until a flood is coming to purchase your policy. There is a 30-day waiting period after the date of purchase for a flood insurance policy to go into effect. For more information, please visit www.floodsmart.gov.
Important Considerations
Flood insurance - to buy or not to buy:
- Flooding is one of the most common and widespread of all natural disasters.
- Flood damage is not covered by most homeowners' insurance.
- 25% of flood claims are filed by people in moderate-to-low risk areas.
- Disaster assistance, if available, is usually a loan to be repaid with interest.
Flood Insurance Fact or Fiction
| Fact | FloodSmart.gov is an excellent flood reference |
| Fiction | Flood insurance is not available to those located in a high flood-risk areas. |
| Fact | National Flood Insurance can be purchased regardless of where you live as long as your community participates in the NFIP. The City of Henderson is a participant, so everyone in Henderson is eligible for this valuable insurance protection. |
| Fiction | You must be in a high flood-risk area to be eligible for flood insurance. |
| Fact | Because the City of Henderson is a participant in the National Flood Insurance Program, no matter where you live in Henderson you can purchase flood insurance, whether your home or business is located in a designated high-risk area or not. Approximately 25 percent of flood claims are made due to flooding that occurs outside of the designated Special Flood Hazard Areas, so it's good to know that there is a preferred-risk policy available at a much lower rate which has been specially designed for residential properties located in low- to moderate flood-risk zones. Homeowners can contact the company that carries their home insurance for rates and protection. |
| Fiction | I rent and my landlord's insurance will protect me. |
| Fact | Your landlord's insurance will probably not protect you. If you rent your residence, talk to your landlord about your flood damage coverage, or contact an insurance carrier. |
| Fiction | I live in a condominium or townhouse and my Homeowner Association Master Policy will cover me. |
| Fact | It is unlikely that a Homeowner Association Master Policy will provide coverage. Check with your Homeowner's Board of Directors or review the Homeowner Association Master Policy. |
| Fiction | Federal disaster assistance will pay for flood damage. |
| Fact | Before a community is eligible for disaster assistance, it must be declared a Federal disaster area. Federal disaster assistance declarations are issued in less than 50 percent of flooding incidents. The premium for an NFIP policy is much less expensive than interest on any Federal disaster loans you may or may not qualify for. (Note: If you are uninsured and receive Federal disaster assistance after a flood, you must purchase flood insurance to remain eligible for future disaster relief.) |
| Fiction | My homeowners' insurance policy covers flooding. |
| Fact | After a flood is not the time to find out that you are not covered for flood damage. The standard issue homeowner insurance policies do not cover flooding. A separate National Flood Insurance policy is required to protect your home and belongings against flood damage. |
| Fiction | Flood insurance is only available for homeowners. |
| Fact | You the homeowner or renter have the ability to protect your home and belongs against the ravages of flooding by purchasing National Flood Insurance |
| Fiction | You can't buy flood insurance if your property has been flooded. |
| Fact | You are still eligible to purchase flood insurance after your home, apartment or business has been flooded, provided that your community is participating in the NFIP, and since the City of Henderson is a participating community, Henderson, Nevada residents and business are eligible. |
| Fiction | When it floods the President will declare a state of emergency and I'll have federal aid to repair/replace my home and belongings. |
| Fact | Federal disaster aid under the Stafford Act is only available for major disasters. Damage has to total a little over $1 per capita, so damage has to total more than $2,623,050 (as of 2006) for Nevada to receive federal aid. If damage from a disaster is estimated at around $2,623,050 a request is made from the Nevada governor to the President of the United States who has the final say on declaring the state a federal disaster area and making it eligible for federal disaster aid. Federal disaster aid covers 75 percent of damage to public property, such as roads, bridges and government buildings, and damage to property of non-profit institutions, such as private colleges or schools. The remaining 25 percent is paid for by the state, local governments or non-profit organizations, or may be split among them depending on the situation. Home and business owners are presumed to have private insurance that would provide compensation for their losses; however, other federal programs may provide aid in cases of widespread disasters where private coverage may be inadequate. For example, where people are forced out of their homes, the Federal Emergency Management Agency or the Red Cross may provide shelter and food. There is a lot more information available at the Federal Emergency Management Agency's (FEMA) National Flood Insurance Program (NFIP) web site. |