Understanding Your Risk of Flood-Related Water Damage

With Forge River to the west, Moriches Bay to the south, and multiple creeks extending inland, Center Moriches is a high-risk flood area. That means if you own a home or business in Center Moriches, you run the risk of losing everything to flood damage. Of course not all floods are quite so catastrophic. In fact, most flood-related water damage can be repaired by a water damage restoration company in just a few days’ time. If you don’t live in Center Moriches proper, you may be at a different risk of flood-related water damage. Download a Flood Insurance Rate Map (FIRM) from the National Flood Insurance Program and determine which area you currently reside in:

Long Island Flood-Related Water Damage

High-Risk Area

Homeowners who reside in a high-risk flood area have at least a 25% chance of experiencing flooding during a 30-year mortgage. All home and business owners in high-risk areas with mortgage from federally regulated or insured lenders are required to purchase flood insurance . Having flood insurance will also help minimize out-of-pocket costs for water damage restoration following a flood.

Moderate-to-Low Risk Area

Also known as a non-special flood hazard area, moderate-to-low risk areas submit over 20% of all claims made to the National Flood Insurance Program and receive one-third of disaster assistance for flooding. Although flood insurance is not required for home or business owners in these areas, it is recommended for all property owners and renters. After all, you don’t want to get stuck with the entire bill for water damage restoration because you didn’t want to spend a little extra on flood insurance each month.

Undetermined Risk Area

Undetermined risk areas are those areas where no flood-hazard analysis has been conducted by the NFIP. However, that doesn’t there is no flood risk. Flood insurance rates for home and business owners in undetermined risk areas reflect the uncertainty of the flood risk.