jamesdeluxe":2qowbcpa said:
I wonder what level of assistance FEMA gives out to people without flood insurance?
Flood insurance is a good idea for any homeowner, since there's a significant difference between what most people consider a flood and how an insurance company defines flood. Most homeowner policies consider a flood to be the entrance of any outside water into a home, and most policies do not cover that occurrence, hence the need for flood insurance. The key word is "any".
If your hot water tank ruptures and floods your basement, that's covered under your homeowner's policy. If your unattended garden hose ruptures, fills a window well which breaks the glass and then proceeds to flood your basement, that is now considered a flood and is not covered unless you have flood insurance. This recently happened in a nearby town here in the SLC Valley, when a homeowner's sprinkler system failed and flooded their neighbor's basement. The loss was estimated at $40K, which was not covered under their policy.