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Evansville / Vanderburgh Flood Informatiom


 
DRAINAGE SYSTEM BUILDING RESPONSIBILITY
FLOOD HAZARD NATURAL AND BENEFICIAL FUNCTIONS
FLOOD INSURANCE FLOOD WARNING SYSTEM
BEFORE, DURING AND AFTER FLOOD RIVER AND DAM GAUGES
FLOOD INSURANCE

FLOOD INSURANCE INFORMATION

Flood Insurance
You are eligible to purchase flood insurance because the City of Evansville and Vanderburgh County participate in the National Flood Insurance Program. 

The National Flood Insurance Program (NFIP) protects one of your most important financial investments – your home or business and its contents.  Flood insurance is available for all properties, regardless of risk designation.
Remember that flood insurance is not included in your standard homeowner's policy - you must provide for it separately. Contact your insurance agent for more information about purchasing flood insurance. There is a 30 day waiting period before flood insurance coverage becomes effective. Plan ahead; do not wait until a flood is predicted before purchasing flood insurance.

The National Flood Insurance Program insures with two types of coverage:
Structural coverage is for the walls, floors and other items permanently attached to the structure.
Contents coverage may be purchased separately provided the contents are in an insurable building. Renters can also purchase flood insurance for contents.

KNOW YOUR FLOOD RISK
The NFIP is administered by the Federal Emergency Management Agency (FEMA). FEMA produces the Flood Insurance Rate Maps (FIRMs), which are based on technical analyses, studies and historical flooding information. The FIRMs contain a variety of information, including flood risk information, Special Flood Hazard Areas (SFHA), which is the base (or 100-year) flood elevations, areas subject to inundation by the 1% (100-year) and 0.2% (500-year) floods. Revised FEMA Flood Insurance Study (FIS) and FIRMs became effective in 2011 for our community.
Please contact the Building Commission to find out if you are in a SFHA at: FILL IN
The FIRMs that include the City Of Evansville and Vanderburgh County are viewable at: FILL IN

Just because your home is not mapped within the SFHA does not mean that you are free from the potential to flood. FEMA (FIRMs) show areas subject to flooding from a primary flooding source, typically the Ohio River, and Pigeon Creek and their tributaries, and are meant to help determine the risk of flooding for a property. However, flooding from sources that are not identified on the FIRMs is possible and occurs often in the City of Evansville and Vanderburgh County.  Many homes flood because excess storm water cannot drain into a storm drainage system fast enough to prevent localized ponding from reaching the inside of a home.

MANDATORY PURCHASE REQUIREMENT:
The Flood Disaster Protection Act of 1973 and the National Flood Insurance Reform Act of 1994 made the purchase of flood insurance mandatory for federally backed mortgages on buildings located in a  Special Hazard Flood Area. The requirement applies to secured mortgage loans from financial institutions, such as commercial lenders, savings and loan associations, and credit unions. It also applies to all mortgage loans purchased by Fannie Mae or Freddie Mac in the secondary mortgage market. It also affects all forms of federally related financial assistance (from the Department of Veterans Affairs, Federal Housing Administration and Small Business Administration, for example) for buildings located in a Special Flood Hazard Area.

Flood Insurance Polices in effect
In the City of Evansville, there are over 510 flood insurance policies in force providing $106.51 million in property coverage.
In unincorporated Vanderburgh County, there are over 807 flood insurance policies in force providing $180.34 million in property coverage.

PARTICIPATION IN THE COMMUNITY RATING SYSTEM (CRS)
The Community Rating System (CRS) is an incentive program that encourages communities to adopt floodplain management activities exceeding the minimum National Flood Insurance Program (NFIP) requirements.

In return for a community’s adoption of standards that go beyond the minimum NFIP requirements, flood insurance premium rates for residents within the community are discounted.  The City and County has participated in the program since 1998. With a current rating as a Class 8 community, City and County residents and business owners enjoy a 10 percent discount on their flood insurance premiums.

Additional Information on Flood Insurance
Flood Smart                    Website
The Flood Smart website is a good source of information for those having flood insurance.  Read through and understand flood insurance.
http://www.floodsmart.gov/floodsmart/ 

 https://agents.floodsmart.gov/manageagent/  - A FloodSmart site for NFIP agents

 
 

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