ADA — Pontotoc County has joined more than 20,000 communities nationwide that are allowed to purchase federally backed flood insurance. This availability follows the community’s adoption and enforcement of ordinances to reduce flood losses and acceptance by the National Flood Insurance Program.

Pontotoc County is now a participant in the NFIP. Residents will be able to purchase flood insurance up to the limits under the Emergency Phase of the program. However, there is a 30-day waiting period before flood insurance coverage goes into effect. For single-family dwellings, the building coverage limit is $35,000 and the content coverage limit is $10,000. Renters can also protect their belongings by purchasing contents coverage. For commercial properties, the building and contents coverage limits are both $100,000. Higher limits of coverage will be available after the initial Emergency Phase.

Lenders must require borrowers whose properties are located in a designated flood hazard area to purchase flood insurance as a condition of receiving a federally backed mortgage loan in accordance with Federal Disaster Protection Act of 1973.

NFIP is implemented through the Federal Emergency Management Agency. There are more than 4 million flood insurance policies in more than 20,000 participating communities nationwide.