Insure Your Property for Flood
National Flood Insurance Program (NFIP)
The City of Rockport participates in the National Flood Insurance Program (NFIP). Insurance rates are based on the flood zone of your property and the risk of being flooded. Purchasing flood insurance through the National Flood Insurance Program (NFIP) is one of the best ways to protect your home and belongings. Standard homeowner insurance policies do not cover damage from floods.
- There is normally a 30-day waiting period when purchasing a new policy. Flood insurance is sold through private insurance companies and agents and is backed by the federal government.
- Homeowners in Special Flood Hazard Areas (high risk flood zones) must buy flood insurance if they have a mortgage from a federally regulated lender.
- Homes located outside the high-risk flood zone areas need flood insurance too. Nationally, 25% of structures that flood each year belong to policyholders whose properties are not in a high risk flood zone. In the May 2015 floods, 90% of the private property flood damages reported to the city was outside the SFHA.
- Flood insurance is available for all properties located in the City of Rockport.
- If you’re renting a home or apartment, flood insurance contents coverage is available from the NFIP to protect your valuables and belongings.
For more information about obtaining flood insurance for both your structure and contents, contact your insurance agent or visit FEMA flood insurance.
Community Rating System (CRS)
The City of Rockport is currently a class 7 in the Community Rating System, which qualifies residents for a 15% discount on flood insurance premiums for properties located in the 1% annual chance floodplain, or, Special Flood Hazard Area (SFHA). . The CRS is a subset of the National Flood Insurance Program (NFIP). This voluntary incentive program recognizes and encourages community floodplain management activities that exceed the minimum NFIP requirements. As a result, flood insurance premium rates are discounted to reflect the reduced flood risk resulting from the community’s actions meeting the three goals of the CRS: 1) Reduce flood losses, 2) Facilitate accurate insurance rating, and 3) Promote the awareness of flood insurance. Community participation in the CRS is in addition to participation in the NFIP. Participation in the NFIP does not automatically include participation in the CRS.