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Former FEMA Director: Everyone Needs Flood Insurance

Poor communication of the need.
Former FEMA Director: Everyone Needs Flood Insurance

Craig Fugate

June 13, 2019

Craig Fugate, a former director of the Federal Emergency Management Agency, notes that every home is in danger of flooding, but confusion has arisen over the fact that federally backed mortgages only require flood insurance for homes designated in high-risk flood zones. “But if you’re outside of that mandatory (category), it doesn’t mean that you don’t flood. It just means the insurance costs a lot less,” he explains. Rates vary and could be more or less, depending on the value of the home and where it sits on the flood map.

READ: The Path Forward for Flood – PIA article in PC360.com

“Too many people have been told that if they don’t live within a flood zone then they don’t need  to buy flood insurance,” Fugate said. He added that every home is at danger of flooding, yet the advice that some homes don’t need flooding insurance seems to have arisen from confusion that federally backed mortgages only require flooding insurance for homes designated in high-risk flood zones. “We’re not using good terminology,” Fugate said.