Articles

Did you know . . .

1.  The most common and most costly natural disaster is floods.
2. Properties located outside the high risk flood zones account for about 20% of flood claims.
3. Most of the time homeowners’ insurance and renter’s policies do not cover flood damage.
4. Even if there is not a Presidential Disaster Declaration flood insurance can still pay for recovery.
5. The majority of federal disaster assistance comes in the form of low-interest loans from SMA (Small Business Administration) that must be paid back.
6. Typically, an insurance claim often provides more funds for recovery than can be obtained from FEMA or SBA and the funds do not have to be paid back.

To learn more visit https://www.fema.gov/national-flood-insurance-program

Master Brokers |March 2019 | 828-726-9180