Flood Insurance

The City of Friendswood participates in the National Flood Insurance Program which is backed by FEMA and is available to all renters and property owners, including those whose structures have flooded previously. Regardless of your location relative to a flood zone, everyone in Friendswood is encouraged to purchase and maintain a flood insurance policy.  Basic homeowner’s insurance policies do not cover damage from floods. Remember there is a 30-day waiting period before the policy becomes effective so do not wait until an impending storm to purchase a policy. Some people have flood insurance because their bank or mortgage company required it as part of the loan. Usually, these policies only cover the building’s structure and not the contents, but contents coverage is also available and is not only for homeowners. Renters are encouraged to purchase a contents policy as well.

Remember that a flood insurance policy must be renewed every year. There is a 30-day waiting period before a new policy goes into effect, and any lapse in coverage could result in claims not covered and expensive out of pocket costs to repair a damaged home. As an active participant in the Community Rating System, a voluntary program that rewards communities for adopting and enforcing higher standards in exchange for discounts on flood insurance, premiums for eligible policyholders are more affordable in Friendswood.

In 2022, FEMA released a new pricing methodology known as Risk Rating 2.0. Previously, policies were primarily rated based on location to the floodplain and the height of the lowest floor relative to the base flood elevation in that flood zone. The new methodology leverages industry best practices and cutting-edge technology that enables FEMA to deliver rates that are actuarily sound, equitable, easier to understand and better reflect a property's flood risk. Click here to see the Risk Rating 2.0 Fact Sheet that answers the “where, how, and what” questions you need to know about how your structure will be rated for flood insurance. Visit Floodsmart: The Official Site of the National Flood Insurance Program for more details on flood insurance including types of policies, coverage options, and other useful information.