How are flood zones classified?

1/29/2020 (Permalink)

The Federal Emergency Management Agency (FEMA) classifies flood zones into three distinct categories: high risk areas, moderate risk areas, and low risk areas. High risk areas are labeled A or V. The federal government requires high risk or Special Flood Hazard Areas (SFHA) to purchase flood insurance. SFHA are usually found in coastal or beachfront land. Moderate risk zones are labeled B or X. Properties in these areas are not federally required to purchase flood insurance. Neither are insured in low risk areas, which are labeled zone c or zone x. However, sometimes mortgage lenders may require insureds to purchase flood insurance despite not being located in a high risk area. St. Tammany Parish participates in the National Flood Insurance Program (NFIP). The NFIP provides coverage for up to $250,000 for the structure of the property and up to $100,000 for contents coverage. Excess coverage can be purchased through a private company to cover additional costs of restoration and rebuild following a flood disaster. Private flood insurance is also an option for communities that do not participate in the National Flood Insurance Program. To purchase flood insurance speak with your local agent. To learn more about flood insurance visit www.floodsmart.gov.