High-risk areas are so susceptible to flooding that homes and businesses in these areas with mortgages from federally regulated or insured lenders are required to have flood insurance. Even if you live outside a mapped high-risk area, flood insurance is still recommended. Though your flood risk may be reduced, it is not eliminated.

Your insurance company will send you a notice when it's time to renew. FEMA may also mail a reminder letter before your policy expires.

When renewing, take the time to review the following with your agent:

• Your deductibles
• The extent of your coverage to make sure it's still adequate

Contact your insurance agent directly to renew your flood insurance policy. Don't have your agent's contact information? Call the National Flood Insurance Program's Help Center at 1-800-427-4661.

Every year you renew, you will receive a copy of the Flood Insurance Claims Handbook, Summary of Coverage, and a loss history for your property.