Episode 11: Flood Insurance- Mandatory Purchase Requirement
Before, During & After - A podcast by Federal Emergency Management Agency (FEMA)
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Homes and businesses in high-risk flood areas with loans, including mortgages, from federally regulated lenders are required to have flood insurance. This is called a “mandatory purchase requirement” under the National Flood Insurance Program. On this episode of the FEMA Podcast we discuss this requirement in more detail and explain who is and who is not required to buy flood insurance.
