insurance

What is a flood plain?

 

 

What is a flood plain?

The Bankrate.com financial term of the day is: "Flood Plain."

A flood plain is -- plain and simple -- an area that tends to flood. A flood plain is usually a flat, low-lying area alongside a waterway. If you live in a flood plain, you will most certainly need flood insurance, which is separate from homeowners insurance and is offered primarily by a federal government program.

According to the Federal Emergency Management Agency, flooding is the most common natural disaster in the U.S. And flooding is most likely to happen in a flood plain.

To shop for insurance to fit your family's needs, visit the Insurance section at Bankrate.com.

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