You can buy flood insurance for a property that has been flooded before. You can buy a policy any time though there is usually a 30-day waiting period for it to go into effect, but there are some exceptions. An insurance agent who offers NFIP insurance can help answer questions.
Posted by: Bill Arowood, Appalachian Underwriters
- Tips for buying flood insurance (goerie.com)
- Coastal Lawmakers Seek Delays in Flood Insurance Changes, Rate Hikes (insurancejournal.com)
- N.Y. Senator Gillibrand to FEMA: Review Flood Insurance Rules (insurancejournal.com)