FOR IMMEDIATE RELEASE
WISE, VA. – Maintaining a flood insurance policy is one of the most effective protections against the cost of flood damage, according to Federal Emergency Management Agency (FEMA) officials.
Many residents of Southwest Virginia found out in the aftermath of the March flooding that homeowner policies do not cover damage from rising waters. Steps can be taken now to protect against future flood losses.
Flood insurance backed by the federal government is available to any homeowner, renter or business owner whose property is in a community that participates in the National Flood Insurance Program (NFIP). Community participation requires adopting and enforcing local floodplain management ordinances designed to lower the risk of future flood losses.
Residents of any NFIP participating community can buy flood insurance from any licensed agent or company. The premiums for such flood insurance vary according to the risk, the amount of coverage, the deductible amount selected, and the type of building. Nationwide, the average is about $380 a year for $137,000 of coverage.
The coverage limits are as follows:
Even if a home or business is not in a floodplain, flood insurance is advisable. Nearly 30 percent of NFIP claims come from properties considered to be at low or moderate risk of flood damage.
More information about the National Flood Insurance Program is available by contacting a local insurance agent or calling the NFIP toll free number, 1-800-720-1090.
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