With massive storms, come massive insurance claims. Residents and businesses that fell victim to Harvey and Irma can purchase low-cost policies in high-risk areas.

The standard homeowner’s insurance policy typically does not cover flood damage. Flood victims can seek assistance from Federal Emergency Management Agency (FEMA) disaster assistance. There is also the Individuals and Households Program that provides grants for repairs and house-related expenses. Once the president declares an emergency or natural disaster, it will trigger the release of assistance funds.

The National Flood Insurance Program offers policies that private companies aren’t willing to offer in flood-prone zones. If local community creates a mitigation system in Special Flood Hazard Areas, the government will make flood insurance available. This is run by a division of FEMA and the president doesn’t need to declare a disaster in order to take advantage of the program.

To file a claim with the National Flood Insurance program, do the following:

1. Contact your insurance agent.
2. Separate damaged from undamaged property.
3. Prepare a proof of loss statement with the adjusted and file your statement within 60 days of the flood.