Financial protection before disaster strikes
Insurance – Homeowner and Renter
The best way for homeowners and renters to protect property from common disasters is to carry insurance. Buying adequate insurance will provide financial assistance to cover disaster related expenses. When federal assistance is available to Virginia citizens, it almost always is less than what you would receive from insurance.
Get information about homeowners, renters and car insurance at the Virginia Bureau of Insurance: www.scc.virginia.gov/division/boi. If you own a home or business, there also may be steps you can take to improve the chances your home or business will survive or be minimally damaged by a disaster. (link to hazard mitigation info)
Insurance – Flood
Insurance protection against a flood is only available through a National Flood Insurance Policy. Regular homeowners and renters policies do not cover damages from flooding. Many major insurance companies act as agents for the National Flood Insurance Program. The cost of the insurance for the same coverage does not change from insurance company to insurance company. Ask your insurance company if the company writes flood policies. For more information about flood insurance, go to www.floodsmart.gov
Setting aside a certain amount of cash for an emergency is a wise practice. An emergency fund can be particularly useful: (1) when individuals and families have to evacuate from their primary residence, and (2) when an insurance claim has to be filed and a deductible met before the insurance company will pay the claim. Federal assistance does not pay insurance deductibles.
Be ready. Be willing to help.
Virginia Disaster Relief Fund
How is the money distributed?
Fund proceeds will be distributed to local long-term recovery groups, members of the Virginia Voluntary Organizations Active in Disaster and other non-profit and faith-based organizations as a grant.
Many of these groups work directly with individuals and families following a disaster.
How else can I donate?
The Virginia Disaster Relief Fund benefits projects that include: repair or rebuilding of underinsured dwellings, transportation assistance, replacing essential household items, helping renters establish new rental residence, temporary living expenses while recovering from loss, and more.
How can I donate?
If you want to help, send checks made payable to the Treasurer of Virginia with “Virginia Disaster Relief Fund” noted in the memo line to:
P.O. Box 1971
Richmond, VA 23218-1971