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Fire & Water - Cleanup & Restoration

FEMA Grants: Offering Support to Those Without Flood Insurance

7/12/2022 (Permalink)

FEMA Grants

Flood insurance is a wonderful tool and may even be a requirement in some areas. Unfortunately, if you are not located near a flood plane, then specialty insurance isn’t a requirement, leaving you vulnerable to the occasional flooding experienced in Colwich, KS. Thankfully, FEMA offers grants to people in these situations.

1. Do You Qualify?

In order to qualify for a flood grant, your area must be declared a disaster area by the federal government. If you are in such an area and have sustained damage to your property or home during the designated timeframe, then you qualify to apply for disaster assistance.

2. What Do Grants Cover?

While flood insurance can limit the scope of coverage, FEMA grants can be used to cover several expenses.

  • Home restoration and repair
  • Temporary housing
  • Medical expenses
  • Funeral costs

Granted, a grant will not cover personal property loss or other common issues, but it will help you begin the restoration process.

3. What If You’re Not Eligible?

While a grant is an excellent option for those living in designated areas, not everyone will be eligible. For those who are ineligible, the Small Business Administration offers assistance through low-interest loans for homeowners and renters. These loans are income dependent.

4. What Will an SBA Loan Cover?

An SBA loan can be used to cover personal property loss, moving expenses, and even vehicle repair or replacement. Additionally, these loans can be used to hire an emergency restoration company for extensive home repairs and renovations.

Flood insurance is a wonderful tool to have, but it is not always required and may be overlooked by many homeowners as nonessential. Fortunately, when flooding occurs, and homeowners don’t have insurance, FEMA and the SBA offers financial grants and loans to help. Don’t let a lack of coverage leave you vulnerable. If your area is designated as a disaster site, you could have assistance today.

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