When property owners receive financial assistance from the Federal Government (FEMA) following a Presidentially declared disaster, they may be required to purchase flood insurance coverage.  This requirement is mandated under the National Flood Insurance Reform Act (NFIRA) of 1994.  It is imposed when a building has been damaged and is located in an area that is at high risk of flooding.  These high-risk areas are called Special Flood Hazard Areas (SFHAs).

The NFIRA requirement applies to insurance buildings and personal property, located in SFJAs, that have been damaged by the disaster event.  Financial assistance can come in the form of Federal disaster assistance grants or loans.

Even without the NFIRA requirement, it is a wise decision to purchase flood insurance. But, because Federal law mandates the purchase of flood insurance as a condition of disaster funding, an applicant who does not comply with the NFIRA flood insurance obligation may become ineligible for future disaster assistance. It’s that important.

With all that you are going through, don’t let this vital coverage slip through the cracks. Protect yourself and your family from future financial loss by purchasing and maintaining flood insurance coverage.

Informatin provided by 

Flood Smart