Unless otherwise noted, all statistics are as of 4/30/2014.
From 2008 to 2012, the average flood claim amounted to nearly $42,000.
From 2003 to 2012, total flood insurance claims averaged nearly $4 billion per year.
In 2012, the average flood insurance policy premium was about $650 per year.
Even though flood insurance isn't federally required, anyone can be financially vulnerable to floods. In fact, people outside of mapped high-risk flood areas file nearly 25% of all National Flood Insurance Program (NFIP) flood insurance claims and receive one-third of Federal Disaster Assistance for flooding.
The NFIP paid more than $7.7 billion in flood insurance claims to all policyholders in 2012.