“When considering flood insurance, it is essential to have a clear understanding that the term "flood" refers to an event that is caused by natural climate incidents, as opposed to flooding that is caused by unnatural water damage, such as a burst pipe.” - MONEYGEEK EXPERT TIP
Did you know that the average flood insurance in Pennsylvania has an annual premium of $1,381; while the average flood loss is $38,000? We don’t recommend depending on FEMA to cover flood damage. Consider this, to receive FEMA disaster assistance, you need to be a resident of a federally recognized disaster area. After the president declares a major disaster, FEMA will then define the “disaster area,” or the county or counties eligible for federal aid. The most they offer is $36,000, however the average grant is $5,000 or less.
You may be required to purchase flood insurance if your home has been drawn into a flood zone. If you believe that your home was incorrectly included in a flood zone, you can appeal the decision by calling 1-877-FEMA-MAP or visiting here. Appeals must show that the lowest adjacent grade, or the lowest ground touching the structure, is at or above the Base Flood Elevation, the level to which water is expected to rise in the 100-year flood projection FEMA uses to designate SFHAs. It is the homeowners' responsibility to provide this information to FEMA in written form.
Start here to get your home covered before you become a victim of mother nature’s winter wrath.