The flooding in Mississippi during the month of November 2008 caused by ferocious storms had disaster officials prompting residents that they might acquire flood insurance coverage via the National Flood Insurance Program (NFIP). NFIP is a division of the Federal Emergency Management Agency (FEMA). Every year flooding is the principal source of property loss from natural disasters in this country. Homeowners and renters find out too late that security against flood damage is not a component of their normal insurance protection package. This flood insurance can be purchased by those residents, and business owners situated inside participating communities. This insurance can be procured via your neighborhood insurance agent. Those situated in communities that do not take part in the NFIP, cannot purchase flood insurance and are not entitled to complete federal disaster assistance. The NFIP is sold through individual insurance companies and is financed by the federal government.

Usually, you can cover your home and every item against flooding for a smaller amount than it would costs to cover your car.

The following are some significant details concerning the National Flood Insurance Program include: Every person is able and should carry flood insurance on their home. Yet if you do not live in a zone that is a designated flood zone, you can procure flood insurance if your community takes part in the NFIP. Any person can get flooded, and any person can get flood insurance. Water damage from a flood is not covered by your typical homeowners insurance policies. You can safeguard your home, business, and possessions with flood insurance. You can cover your house for approximately $250,000 for the house itself and approximately $100,000 for the contents. Content coverage is separate. It is not routinely built-in with building coverage. Verify with you agent what your insurance covers and does not cover. People that rent should not feel left out; they can purchase content coverage, too. Typical flood insurance will pay even when there is no declared disaster. However, federal disasters are issued in fewer than 50 percent of flooding. An insurance policy provided by NFIP will cover flood damage even if there is no federal disaster declaration. Flood insurance is considered to be affordable. Your insurance agent can get you the best rates for you and your property. Flood insurance has a thirty day period before it becomes effective.

In some cases like in the case of Hurricane Katrina, people believed that the flood was covered by their normal home insurance. However, this was not the case, these individuals needed flood insurance to cover. Hurricane Katrina hit land on the coast of Mississippi on August 28th, 2005. The storm surge reached inland from 6 to 12 miles inland. It spawned eleven tornados in Mississippi. This storm was unexpected and caused millions of dollars of damage. These people believed their insurance would cover this. This unexpected storm and the flooding is one of the major reasons that flood insurance is necessary.

The costal counties of Mississippi, such as Harrison County have the highest home insurance premiums. All of the counties located along the Mississippi river such as Adams have the second highest home insurance premiums. These premiums could vary from county to county and individual to individual. Some of the larger counties such as Rankin county, which is located near a metropolitan area have the third highest home insurance premiums.