Flooding

High Point is a participating community in the National Flood Insurance Program (NFIP), which makes federally backed insurance available to all buildings, regardless of whether or not they are in a high-risk area. The NFIP was established by congress in 1968 in order to allow property owners in participating communities to purchase federally backed flood insurance policies. Purchasing this insurance is designed to meet the rising costs of repairing damages caused by floods.
Flooding on Taylor
Community participation in the NFIP is based on an agreement between the federal government and local communities. The community must establish and enforce a flood plain management ordinance in order to reduce future flood risks in construction areas that take place in Special Flood Hazard Areas or SFHAs. If a property is located in a SFHA, then it is required that the owner purchase flood insurance. A Special Flood Hazard Area is defined as "any land that would be inundated by a flood having a 1% chance of occurring in any given year (also referred to as the base flood)."

The federal government will then make the flood insurance available within that community as financial protection against flood losses that may occur in the future.