The average individual and family grant is less than $2,500.
To qualify for home repair assistance, your home must have relatively minor damages that can be repaired quickly. No rental assistance is available unless your home has been destroyed or significantly damaged.
Buildings in flood hazard areas have a 26 percent chance of being flooded during the life of a 30-year mortgage.
Homeowners, business owners, and renters can all purchase flood insurance as long as their community participates in the NFIP. Flood insurance claims are paid even if a disaster is not declared by the President.
When you carry a flood insurance policy and file a flood insurance claim, you usually can get a partial payment immediately.
Flood insurance reimburses you for all covered losses. Disaster aid is limited to replacing essential items only. Homeowners can get up to $250,000 of coverage and businesses can get up to $500,000. Separate contents coverage is also available.
Maintaining a flood insurance policy is one of the most important things you can do to protect yourself and reduce the cost of flood disasters.