Historically, flooding has brought devastation to communities throughout the United States, Pennsylvania included. Congress created the National Flood Insurance Program (NFIP) in 1968 to help alleviate the financial devastation caused by flooding. The NFIP managed by the Federal Emergency Management Agency (FEMA), enables homeowners, business owners and renters in participating communities to purchase federally backed flood insurance. This insurance is designed to provide an insurance alternative to disaster assistance to meet the escalating costs of repairing flood damage to buildings and their contents.
Kattan-Ferretti can help identify the flood risk of the area your home is located. Consu- mers are often unaware that most homeowner’s policies DO NOT cover flooding. There are limits to NFIP insurance, and your Kattan-Ferretti agent can discuss your personal needs for this valuable piece of mind. We encourage all residents to learn their flood risk and consider protecting themselves with flood insurance.