FEMA Flood Maps
National Flood Insurance Program
In 1968, Congress created the National Flood Insurance Program (NFIP) to help provide a means for property owners to financially protect themselves. The NFIP offers flood insurance to homeowners, renters, and business owners if their community participates in the NFIP. Participating communities agree to adopt and enforce ordinances that meet or exceed FEMA requirements to reduce the risk of flooding.
Flood risk can, and does, change over time, and flood risks change for many reasons such as new development, changes in levee classification, or environmental changes (to name a few). As a result the Federal Emergency Management Agency (FEMA) has updated flood hazard maps across the country. These new flood maps, also known as Digital Flood Insurance Rate Maps (DFIRMs), show flood risk at a property-by-property level. The most recent flood maps for the Town of East Greenwich have an effective date of 2011-2015 depending on the map.
When new maps are issued, your risk may have changed as well, along with your flood insurance requirements. If your property is mapped out of a high-risk area, your flood insurance costs will likely decrease. If you’ve been mapped into a high-risk area, you will be required to purchase flood insurance if your mortgage is through a federally regulated or insured lender. In any case, since standard homeowners insurance doesn’t cover flooding, it’s important to have protection from the floods associated with hurricanes, tropical storms, heavy rains, and other conditions that impact the U.S, regardless of whether you are in a flood zone or not.