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-2- <br />100-year flood. Floods can and do exceed this extent, and therefore property owners outside of the mapped <br />floodplains also should consider protecting themselves. Events in the Gulf Coast in recent years provided perfect <br />examples of how even properties located outside of mapped 100-year floodplains can be damaged or destroyed. <br />Flood insurance is a good investment because it is the best means for protecting your largest investment from flood <br />loss. Call your insurance agent today. For more information, or to find out if your community participates <br />in the NFIP, contact the National Flood Insurance Program at 1-800-427-4661 for the names of local agents <br />who handle flood insurance policies or contact youur local insurance agent. You may also contact the <br />Colorado ~Yater Conservation Board at 303-866-3441 for additional assistance. <br />Freauentlv asked auestions about flood insurance: <br />Can I buy flood insurance in high risk areas? You can buy flood insurance no matter where you live in your <br />community as long as your community belongs to the National Flood Insurance Program (NFIP). There are <br />currently 235 cities, counties, and towns statewide that participate in the NFIP. <br />Can I buy flood insurance if I live outside of the 100-year floodplain? You can buy flood insurance no matter <br />where you live in your- community as long as your community belongs to the National Flood Insurance Program <br />(NFIP). There are currently 235 cities, counties, and towns statewide that participate in the NFIP. Flood insurance <br />is still available outside of mapped floodplains, and may be available for lower rates. <br />Does the 100-year flood event happen only once every 100 years? The 100-year flood event is a frequently <br />misunderstood term. It indicates an event that has a 1 % chance of being equaled or exceeded in any given year. A <br />100-year flood could happen multiple times in one year, or it might not occur in 1,000 years. The term "100-year <br />flood" simply refers to the expected probability of the event occurring based on the best available information. <br />Is federal disaster assistance available to damaged buildings without flood insurance? Every year around the <br />country, many homeowners are dismayed to find out that federal disaster assistance falls well short of providing <br />enough relief to cover costs from damages. Federal disaster assistance is only available in the event of a federally- <br />declared disaster and, other than short-term living expenses, generally takes the form of low-interest loans, which <br />must be paid back. While the damages to the Gulf Coast in 2005 made headlines regarding the availability of <br />federal disaster assistance, property owners have experienced past flooding losses that could not be repaid. It <br />should also be noted that while property damages have been recorded every year in Colorado, a federal disaster has <br />not been declared since 1999. Flood insurance is the best way to protect your property from floods. <br />Doesn't my homeowners insurance cover flooding? Unfortunately, many homeowners do not find out until it is <br />too late that their homeowner's policies don't cover flooding. Federal flood insurance protects your most valuable <br />assets -- your home and belongings. <br />Is flood insurance only available to homeowners? Flood insurance is available to protect homes, condominiums, <br />apartments and non-residential buildings, including commercial structures. See your insurance agent for limits of <br />coverage for each. <br />If my property has been flooded previously, can I still buy flood insurance? It doesn't matter how many times <br />youur home, apartment or business has flooded. You are still eligible to purchase flood insurance, provided that <br />your community is participating in the NFIP. <br />Is there any type of coverage for my basement under the NFIP? Basement coverage extends to cleanup <br />expenses and items used to service the building, such as elevators, furnaces, hot water heaters, washers and dryers, <br />air conditioners, freezers, utility connections, circuit breaker boxes, pumps, and tanks used in solar energy systems. <br />The policy does not cover belongings in a finished basement, nor any improvements to a basement, such as <br />finished walls, floors and ceilings. <br />Flood Protection • Water Project Planning and Finance • Stream and Lake Protection <br />Water Supply Protection • Conservation Planning <br />