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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