Don't I have to live in a special area to get flood insurance?
The government set up the National Flood Insurance Program (NFIP) in 1968 to limit the cost of flooding for taxpayers. This program maps out hazardous flood zones, called flood plains, and these areas are constantly moving as the program continually assesses which areas are most likely to flood.
Often, a mortgage company will require an individual to purchase flood insurance if you live in a flood plain. But even if you don’t live in a flood plain, there is still a chance that your home will be affected by flooding. Don't make the costly mistake of not purchasing flood insurance because you thought you had to live in one of these zones to get it.