With the June 1 start of the Atlantic hurricane season, the National Flood Insurance Program is reminding homeowners the time to purchase a flood insurance policy is now; there is typically a 30-day wait before a policy takes effect.

“Memories of the most active and costliest hurricane season are still fresh in the minds of all Americans. The storms of 2005 proved a painful reminder that many homeowners lack adequate flood protection. We are urging people to learn their flood risk, and protect themselves,” said David Paulison, Acting Director of the Federal Emergency Management Agency.

National Flood Insurance is available to renters, business owners, and homeowners. NFIP says the average flood insurance policy premium is around $500 a year. And in low- to moderate-risk areas, homeowners can protect their properties with lower-cost Preferred Risk Policies (PRPs) that start at just $112 a year.  Individuals can learn more about their flood risk by visiting http://www.FloodSmart.gov

June 7, 2006