Whether you rent or own, flood insurance is highly recommended for all residents, regardless of whether the property lies in a mapped floodplain. Because Caddo Parish participates in the National Flood Insurance Program (NFIP), all residents of unincorporated Caddo Parish are eligible for rate-restricted flood insurance through local insurance agents. Remember, most homeowner’s insurance does not cover flood damage. Contact your property insurance agent to purchase flood insurance.
If your home or business is located within the Special Flood Hazard Area, flood insurance is required.
Starting Oct. 1, 2021, FEMA will fundamentally change the way it rates a property’s flood risk and prices insurance. To help bring clarity to how the new Risk Rating 2.0 pricing methodology will affect premiums, FEMA has unveiled newinteractive maps that show exactly where flood insurance rates are expected to decrease, increase, or remain the same — and by how much.
The following FEMA Release, explains how these interactive data visualization tools provide an accurate national and local snapshot of projected rate changes. We encourage you to explore the dashboards to gain insight into what’s occurring in Caddo Parish.