What You Need to Know about Federal Disaster Assistance and National Flood Insurance

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Floods are the most common, and most costly, natural disaster. Before most forms of Federal disaster assistance can be offered, the President must declare a major disaster. The most common form of Federal disaster assistance is a loan, which must be paid back with interest. Flood Insurance replaces all damaged property whether a disaster is declared or not.

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What You Need to Know about Federal Disaster Assistance and National Flood Insurance
June 1, 2012
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