You have received a federal grant for previous flood losses and you wish to qualify for future aid.You have a federally backed mortgage or loan that is FDIC insured on your building in a SFHA and/or.Your property is located in a Special Flood Hazard Area (SFHA) and.Most often, when government aid is available, it comes in the form of an interest bearing loan. Declarations require rather widespread damage. Less than half of flooding events are “declared disasters”. It is only offered when the President makes an official disaster declaration. Some limited relief might be obtainable through government aid, but government assistance is not available automatically. Without flood insurance, losses must be covered out of pocket. Damages associated with floods can easily total $25,000 or even more.īecause the City of Destin participates in the National Flood Insurance Program, all city residents qualify to apply for NFIP flood insurance. Homeowners insurance may cover fire and wind damage, but virtually never covers damage from flooding, nature’s most common natural disaster. Even if you are not required to have flood insurance, serious consideration should be given to purchasing it anyway.

Īs stated previously flooding can occur anywhere, anytime. View more about the Flood Insurance Reform Act of 2012 changes here. Some of these changes have already been put in place, and others will be implemented in the coming months. “A general and temporary condition of partial or complete inundation of two or more acres of normally dry land area or of two or more properties (at least one of which is your property) from: overflow of inland or tidal waters and unusual and rapid accumulation.” Flood Causesįloods are caused by multiple issues, acting alone or together with others.In 2012, the US Congress passed the Biggert Waters Flood Insurance Reform Act of 2012 which calls on the Federal Emergency Management Agency (FEMA) and other agencies to make a number of changes to the way the National Flood Insurance Program (NFIP) is run. Most flood insurance policies recognize a very broad definition of “flood” which is: Definition of “Flood”įor coverage to apply, a flood needs to occur. Flood Riskĭetermining your risk of flood can be determined by by contacting us or by using opens in a new windowFEMA’s flood mapping tool. Our form includes all the information needed to quote a private flood insurance policy, a program offering the same coverage as the NFIP but with a greatly streamlined application process. Complete it and an agent will be in touch with you in short order. Our simple flood quote form is all that is needed to get the process started. Certain private market flood policies have shorter waiting periods. The waiting period can be waived if a lender is requiring the coverage due to a new home sale or increasing, extending, or renewing a loan. NFIP flood insurance policies require a 30 day waiting period for coverage to go into effect. Flood insurance means you’ll be reimbursed for all covered expenses. Cleanup and mitigation costs are a major percentage of every loss. Flooring, molding, wallboard, electrical, plumbing, and even heating and air conditioning systems can all be damaged by even a minor flood event. Minimal amounts of water, just and inch in your home or building, can cause significant structural damage.

South Carolina Ground Water Association.North Carolina Ground Water Association.Georgia Association of Groundwater Professionals.Community Transportation Association of Virginia.Apartment, Student Housing, Associations.

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