Can I purchase flood insurance if I'm buying a house in a lower risk flood zone?

My county was previously rated as high risk through FEMA. It's being downgraded and my lender hasn't mentioned flood insurance. Am I still able to purchase it? How does it work with a homeowners policy?

Answer
“Even if your lender isn’t requiring flood insurance, it still would be beneficial to have.
You’d still be eligible to purchase flood insurance as long as your community participates in the National Flood Insurance Program (NFIP). If your community has withdrawn from NFIP, you wouldn’t be able to purchase flood insurance, regardless of your area’s risk.
Both HO-2 and HO-3 homeowners policies exclude water damage, including flooding, unless it’s related to an accidental discharge of water or steam. To cover flooding, you need a separate policy or endorsement.
Only some insurance companies are eligible to issue policies with NFIP. You’ll need to confirm that your insurance company is a member of the Write Your Own Program.
If so, you’ll be able to bundle your flood insurance with your home insurance, or even with your car insurance. If they don’t, you’ll need to seek out another company or you could also get flood insurance directly through NFIP.
If you want help looking for flood and homeowner’s insurance, try using Jerry. Jerry compares rates from the top providers and gives you the best deals in minutes for free.”
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Emily Maracle
Answered on Sep 09, 2021
Emily Maracle is a car insurance specialist living in New York. Originally from the Pacific Northwest, she has a degree in English Literature and a background in customer service. She enjoys cooking, gardening, and living sustainably. In the future, she can't wait to upgrade to a hybrid or electric car.
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