Did you know? Everyone lives in a flood zone    It takes 30 days after purchase for most flood policies to take effect, so it's important to buy insurance before the floodwaters rise.    Recent NFIP statistics show about 25% of all claims paid by the NFIP are for policies in moderate-to-low risk communities.    When your community participates in the Community Rating System (CRS), you can qualify for an insurance premium discount of up to 45%.    Since 1978, the NFIP has paid $31.4 billion for flood insurance claims and related costs (as of 3/31/2006).