NC Officials Tout Flood Insurance as Florence Payments Top a Half-Billion

RALEIGH -- PRESS RELEASE -- North Carolina Department of Public Safety 


Dec 4, 2018

With federal flood insurance payments to North Carolinians for Hurricane Florence totaling over a half-billion dollars, officials are urging those who don’t have coverage to purchase it.

While FEMA has approved more than $118 million in grants to families and the U.S. Small Business Administration has approved $328 million in low-interest disaster loans for homeowners and businesses, these numbers are exceeded by the roughly $529 million paid out to North Carolinians by the National Flood Insurance Program.

“Flood damage can be devastating, no matter where you live—on the coast or inland, near a waterway or not,” said Gov. Roy Cooper. “Flood insurance is the best line of defense against flooding, and it’s helping thousands of North Carolina residents recover after Hurricane Florence.”

Federal Coordinating Officer Albie Lewis, who oversees FEMA’s operations in North Carolina, pointed out that floods are the most common and costly form of natural disaster in the U.S.

“Less than half of flood events will be declared disasters by the federal government,” Lewis said. “Flood insurance pays out whether a disaster is declared or not.”

Following Hurricane Florence, more than $2.7 million in NFIP payments have been made to policyholders living in counties where FEMA assistance is not available. And since almost no homeowners insurance policies cover flooding, flood insurance is the only way to protect against such circumstances.

Flood insurance is available for those who live in a flood-prone area or not. In fact, while already highly affordable, NFIP policies are even less expensive for those not in a high-risk area.

For more information about the NFIP and flood insurance, call 800-427-4661 or your insurance agent, or go online to fema.gov/national-flood-insurance-program.

For more information on North Carolina’s recovery from Hurricane Florence, visit ncdps.gov/Florence and FEMA.gov/Disaster/4393. Follow us on Twitter: @NCEmergency and @FEMARegion4.

This press release is related to:
Emergency Management Hurricane Florence
Contact Information
FEMA News Desk
256-454-3863

Comments (0)

Rated 0 out of 5 based on 0 voters
There are no comments posted here yet

Leave your comments

  1. Posting comment as a guest. Sign up or login to your account.
Rate this post:
Attachments (0 / 3)
Share Your Location

Newsletter Subscriptions

WNCTIMES ON TWITTER

First 'Dream Chaser' Plane Gets its Name and Wings https://t.co/JvoxzQCjlJ dreamchaser SpacePlane outerspace… https://t.co/eJnct4ezmg
About 11 hours ago
Broken Cable Damages Arecibo Observatory https://t.co/Y4oijoEvX2 News Science PressRelease https://t.co/oYEl2HODqz
About 11 hours ago
NC DHHS COVId-19 By the Numbers August 13, 2020 https://t.co/vbzJe9eHbO NC NorthCarolina WncNews coronavirus… https://t.co/ZXJYq5R2bP
About 16 hours ago
Dying Young: The Health Care Workers in Their 20's Killed By COVID-19 https://t.co/UNGenO0ygd Covid_19 COVID19… https://t.co/pHn9k80bOE
About 17 hours ago
College Party with 400 People Shut Down in North Carolina https://t.co/t2Ih8ljAHi coronavirus Covid_19 COVID19… https://t.co/xd1b3HbAtp
About 17 hours ago