YOU are in control. Flood insurance claims are paid
even if a disaster is not declared by the President
Between 20 and 25 percent of all claims paid by the
National Flood Insurance Program are outside the Special Flood
Hazard Areas
There is no payback requirement
Flood insurance policies are continuous, and are not
non-renewed or cancelled for repeat losses.
Flood Insurance reimburses you for all covered losses
up to $250,000 for homeowners and $500,000 for businesses
The average cost of a $100,000 flood policy is $370
annually.
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Most forms of Federal Disaster Assistance
require a Presidential declaration.
Federal disaster assistance declarations are awarded
in less than 50% of flooding incidents.
The most typical form of disaster assistance is a loan
that must be repaid with interest.
The duration of a Small Business Administration (SBA)
disaster home loan is approximately 20 years.
The average loan payment on an SBA disaster loan is
$104 a month or $1,250 annually.
Repayment on a $50,000 SBA disaster loan is $311 a
month or $3,730 annually
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