Flood insurance policies are separate from other policies for homeowners, renters or businesses.
|Flood insurance sold by private insurance companies is backed by the U.S. government's National Flood Insurance Program (NFIP.) That means local property owners are eligible to buy flood insurance whether their property is in a regulated floodplain or not.
Flood insurance is required when the building is in a high-risk area and the owner has a federally-backed mortgage.
Automatic discounts are available on flood insurance policies in Charlotte, Pineville and unincorporated Mecklenburg County. That's through the Community Rating System.