Standard homeowner and commercial property insurance policies do not cover flood losses. To meet the need for this vital coverage, the Federal Emergency Management Agency (FEMA) administers the National Flood Insurance Program (NFIP). Because the City's diligence in flood protection and prevention work, homeowners and renters in the city can purchase flood insurance at a 15% discount.
Important: There is a 30-day waiting period before NFIP coverage takes effect, so don't wait for the next flood to buy insurance protection. Contact your insurance agent for more information on rates and coverage.
Some people have purchased flood insurance because it was required by the bank when they received their mortgage or home improvement loan. Usually, these standard flood insurance policies only cover the building structure and not the contents. During typical flood events in Greenville, there is usually more damage to the furniture and contents than there is to the structure.
FEMA has developed the Homeowner's Guide to Retrofitting, which provides suggestions on how to modify your home to protect it against flooding. Some ideas include elevating equipment such as air conditioners, water heaters, etc. that utilize electricity and elevating the existing structure. Being proactive can prevent significant damage.