FEMA Starting Payments On Texas Flood Claims

FEMA’s National Flood Insurance Program (NFIP) has received flood claims on more than 800 homes that were damaged in the Oct. 16th flooding in central Texas. Thus far, payments for insured losses have exceeded $22 million and could exceed $30 million when all claims have been filed and paid. This total does not include homeowners who did not have flood insurance coverage. “Unfortunately, more than half of the homeowners who suffered flood damage had no flood insurance,” said Mark Hanna, a spokesperson for the Insurance Council of Texas (ICT). The Llano County Emergency Management Office reported the number of uninsured homeowners may have been two or three times the number of those with flood insurance.