Understanding Flood Zones: What They Mean for Your Insurance

Las Vegas, NV might not be the home of many floods but some areas may be in dangerous flood zones. But what exactly are flood zones and how do they affect your insurance policies? We at Leo Insurance Group can answer this question to ensure you fee comfortable with the answer.

What are Flood Zones?

Flood zones are a series of connected areas along flood-prone areas that indicate a region’s potential risk of this natural disaster. The Federal Emergency Management Agency, or FEMA, creates flood maps that lists areas at a high risk of flood and areas that have minimal risk.

These maps are fairly complex but are used by insurance companies when creating flood insurance packages. For example, people in high-risk areas are federally mandated to have protection from their insurers. Some individuals may get stipends or some compensation for these payments.

Buying Policies Outside High-Risk Areas

While the federal government doesn’t mandate flood insurance in low-to-moderate risk flood areas, these policies may still be beneficial. After all, low risk is not the same as no risk. Floods can happen just about anywhere, and an insurance policy can help protect your house.

The cost of your policy may vary depending on your flood zone. For example, some insurance companies may provide lower costs in areas with smaller risks and higher prices in areas with greater risks. That all depends on the insurer and other factors, such as state laws for that region.

Getting Great Flood Insurance

Please don’t hesitate to contact us at Leo Insurance Group if you need a flood insurance policy for your Las Vegas, NV home. While most areas of this desert area are not at high risk for flood, that doesn’t mean that a great insurance policy isn’t an excellent option in case one does occur without warning.