Flood insurance is back

SAVANNAH, GA (WTOC) - Flood insurance is once again available to homeowners.

The National Flood Insurance Program has been reauthorized by Congress.

The National Flood Insurance Extension Act extends the NFIP through Sept. 30, and is retroactive back to June 1, 2010. The program had been inactive since May 31. 

Flood insurance, which is federally backed by the NFIP, is available for up to $250,000 for damage to a home. 

A standard flood policy will typically cover the basic structure as well as the furnace, water heater, air conditioner, floor surfaces (such as carpeting and tile) and debris clean up, according to the Georgia Department of Insurance.

NFIP flood insurance can be bought directly from a property and casualty insurance agent or insurance company -- if the community participates in the NFIP. 

The insurance company should be able to confirm whether flood insurance is available and what it would cost, according to a news release. Flood insurance can be bought for a home or business whether or not the property is in a floodplain, as long as the property is located in a participating community, the release said.

Flood insurance policies don't go into effect until 30 days after the policy is purchased. For more information, go to http://www.floodsmart.gov.

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