San Antonio, TX -- Disaster recovery officials from the Federal Emergency Management Agency (FEMA) and Division of Emergency Management, Texas Department of Public Safety (TDEM) advise that people living in flood-prone areas who are receiving assistance from the Individual and Family Grant Program (IFG) for a flood damaged structure or its contents, must have and maintain flood insurance to receive future federal disaster assistance.
"In order to help some of the recipients of the IFG program to comply with this requirement, FEMA has established a Group Flood Insurance Policy (GFIP) for this disaster," said FEMA Federal Coordinating Officer Scott Wells.
To date $81,400 has been approved in GFIP premiums for 407 individuals or families affected by flooding in Special Flood Hazard Areas (SFHAs) during the Texas floods of 2002.
The cost of GFIP is automatically paid as part of the IFG grant. The term of the policy is 36 months and it is written directly through the National Flood Insurance Program (NFIP). The policy covers damages of the structure and, or contents.
The Flood Insurance Administration sends each eligible IFG recipient a "Certificate of Flood Insurance" as proof of the flood insurance coverage.
"Individuals who have been affected by the Texas Floods of 2002 in a SFHA, must purchase and maintain flood insurance for the life of the structure to receive federal assistance in future floods," said State Coordinating Officer Duke Mazurek, TDEM. "Renters must purchase and maintain flood insurance for the contents, as long as they reside in the structure that was damaged.
"Once the 36-month term concludes, those affected must acquire individual flood insurance coverage or they will not be eligible for federal assistance in a future flood event," Mazurek added.
Approximately 60 days before the expiration of the three-year GFIP term, a third and final notice will be sent to the GFIP certificate holders as a reminder to buy flood insurance. The notice also will advise the IFG recipients as to the amount of coverage they must maintain to avoid risking their eligibility for future flood disaster assistance.
For more information about NFIP, local residents can contact their insurance agent or call 800-427-4661.