1. National Flood Insurance and Flood Mitigation Virginia Beam

2. Flood Insurance Everyone lives in a flood zone Flood damage is not covered by homeowners policies There is a low-cost policy for homes in low-moderate risk areas Flood insurance is affordable Contents coverage is separate There is usually a 30-day waiting period before the coverage goes into effect Federal disaster assistance is not the answer

3. National Flood Insurance Program NFIP was created in 1968 20,000 communities participate in the NFIP Flood damage has been reduced by nearly $1 billion a year Buildings in compliance with NFIP standards suffer approx 80% less damage than structures that are not For every $3 paid in insurance claims saves $1 in disaster assistance payments

4. Flood Mitigation 1% of 44 mill. insured are repetitive loss properties 38% of claim cost are repetitive loss properties Flood Mitigation was created to save money and reduce damages

5. Flood Mitigation Flood Mitigation Assistance Program has 3 types of grants Planning: $ to plan for mitigation effort Project: $ for communities with approved efforts to begin projects Technical: 10% of project grant goes to help manage and oversee projects Funding for mitigation top out at $20 million a year

6. Pre-Disaster Mitigation Provides $ and technical assistance to reduce loss of life and damages Including states, communities and tribal governments These must subsequently provide sub-grants to local governments for mitigation activities

7. Hazards Mitigation Focus on long-term hazard mitigation Concentrates on resolving disaster areas and also finds the best way to minimize/eliminate effects of hazards States may receive extra funding if mitigation plans were in effect Individuals may not apply only by nomination you receive funding Ex. Elevating a home instead of placing sandbags to slow the damage