FEMA: Best Practice - Flood Insurance Points to Brighter Future, Fosters New Plans - Insurance News | InsuranceNewsNet

InsuranceNewsNet — Your Industry. One Source.™

Sign in
  • Subscribe
  • About
  • Advertise
  • Contact
Home Now reading Newswires
Topics
    • Advisor News
    • Annuity Index
    • Annuity News
    • Companies
    • Earnings
    • Fiduciary
    • From the Field: Expert Insights
    • Health/Employee Benefits
    • Insurance & Financial Fraud
    • INN Magazine
    • Insiders Only
    • Life Insurance News
    • Newswires
    • Property and Casualty
    • Regulation News
    • Sponsored Articles
    • Washington Wire
    • Videos
    • ———
    • About
    • Meet our Editorial Staff
    • Advertise
    • Contact
    • Newsletters
  • Exclusives
  • NewsWires
  • Magazine
  • Newsletters
Sign in or register to be an INNsider.
  • AdvisorNews
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Exclusives
  • INN Magazine
  • Insurtech
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Video
  • Washington Wire
  • Life Insurance
  • Annuities
  • Advisor
  • Health/Benefits
  • Property & Casualty
  • Insurtech
  • About
  • Advertise
  • Contact
  • Editorial Staff

Get Social

  • Facebook
  • X
  • LinkedIn
Newswires
Newswires RSS Get our newsletter
Order Prints
November 22, 2019 Newswires
Share
Share
Post
Email

FEMA: Best Practice – Flood Insurance Points to Brighter Future, Fosters New Plans

Targeted News Service (Press Releases)

AUSTIN, Texas, Nov. 22 -- The U.S. Department of Homeland Security's Federal Emergency Management Agency issued the following news release:

Maddie and Charles Peddycoart know more about the costs associated with flood recovery than most. In the 19 years they've lived in their home in Hamshire, TX -- about 60 miles east of Houston and 27 miles southwest of Beaumont -- it has been flooded by storms four times: Hurricanes Rita (2005), Ike (2008), Harvey (2017) and Tropical Storm Imelda (2019). Rita and Ike left about 2 inches of water at the ground level of their home; they recovered quickly.

But it was Harvey that provided a valuable lesson about the importance of flood insurance and prepared them for what was to come.

Harvey, the first hurricane to hit the Texas coast since Ike, left 2 feet of water in their livable space, one level off the ground.

"We have a ground floor level that sits on a concrete slab and steps up about 2 feet into the pier and beam level," said Maddie, a life skills teacher's aide at Hamshire-Fannett Elementary School. "Our second level [at 13 feet or 2 inches above Base Flood Elevation] sat on treated wood flooring, not on concrete. We had to get in quick to save what we could."

Without insurance, the Peddycoarts faced devastating expenses and a heartbreaking decision. The couple had to use their son's college fund to help pay for repairs.

"We had to make a home again," the mother of three explained. It was an expensive project.

That's when they decided to buy flood insurance. It was too late for their Harvey recovery, but they were much better prepared for the next storm with coverage through the National Flood Insurance Program.

Hamshire lies in Jefferson County, which hugs the southeast Texas coastline. The area has long stood in the path of, or near many history-breaking storms, including the deadly 1900 Gulf (or Galveston) hurricane that took more than 8,000 lives and the 1915 hurricane with a similar path;

they were followed by several hurricanes in most decades since then. People hold their breath each year in South Texas until the end of hurricane season Nov. 30. But it's not just hurricanes that raise fears; recent tropical storms and severe rain events have proven catastrophic.

Tropical Storm Imelda was one such catastrophic event. It hit Southeast Texas in September 2019, dumping up to 43 inches of rain in some areas, the fifth wettest tropical storm to hit the United States (excluding Alaska and Hawaii), the fourth wettest in Texas. For some it was worse than the aftermath of Hurricane Harvey. It was for the Peddycoarts; Imelda left nearly 4 feet of water, twice that left by Harvey, destroying their living space. But the Peddycoarts mitigated their losses this time because they had flood insurance for contents and structure.

"We're 50 to 75 percent better off now [because of the insurance] than after Harvey, even though we have more damage," Maddie said.

Depending on the level of coverage, NFIP flood insurance policy holders may receive up to $250,000 for home damage and up to $100,000 for contents -- far more than FEMA's assistance for individuals and households after a presidentially-declared disaster. There's more good news: flood insurance claims and payouts are not dependent on a disaster declaration. Flooding can occur any season of the year; not all such events generate a presidentially-declared disaster. A homeowner can be wiped out in a local flood and federal assistance may not be available, but an NFIP insurance claim may be submitted any time a property is flooded.

Still, 90 percent of all presidentially-declared disasters involve flooding. Flood events also affect those living in areas thought relatively safe from flooding. With Harvey, 57 percent of NFIP Texas claims were submitted by policyholders outside of a special flood hazard area; after Imelda that number rose to 71 percent.

Though not near a river or other body of water, the Peddycoart house sits in special flood hazard area due to drainage in their low-lying neighborhood. And, there may be more help through their NFIP policy because the house is in that flood area.

If Jefferson County officials determine their structure has been substantially damaged - meaning the cost to repair the home is equal to or greater than 50 percent of its market value before the flood damage - the Peddycoarts can get NFIP help to elevate the building to a height determined safe from flooding by local officials. Referred to as Increased Cost of Compliance or ICC, this provision, which pays up to $30,000 for elevating a structure, also gives homeowners two other options: to demolish the structure or to relocate the structure outside the floodplain.

Moving is not an option for the Peddycoarts.

"I grew up here and have very strong community ties, Maddie said. "We've thought about selling the property and rebuilding new in the area, but we love our land --and our pecan trees."

Thanks to their National Flood Insurance Policy, the Peddycoarts will still enjoy that land and those trees, all 37 of them.

Follow FEMA online at twitter.com/FEMARegion6, www.fema.gov/blog, www.twitter.com/fema, www.twitter.com/FEMAespanol, www.facebook.com/fema, www.facebook.com/FEMAespanol and www.youtube.com/fema

Older

Helena mayor, US Senate candidate found not guilty of leaving crash scene

Newer

Searching for Solutions: Residents look for answers after construction accident damages homes

Advisor News

  • Trump to promote tax breaks in Las Vegas, where residents feel the pinch of high gas prices
  • Lifetime income is the missing link to global retirement security
  • Don’t let caregiving derail your clients’ retirement
  • The ‘magic number’ for retirement hits $1.45M
  • OBBBA can give small-business clients opportunities for saving
More Advisor News

Annuity News

  • Lifetime income is the missing link to global retirement security
  • ‘All-weather’ annuity portfolios aim to sharply limit rainy days
  • Annuity income: The new 401(k) standard?
  • Smart annuity planning can benefit long-term tax planning
  • Agam Capital Announces the Continued Growth of Agam ISAC’s Bermuda Platform
More Annuity News

Health/Employee Benefits News

  • Sagility Announces Strategic Alliance with Convey Health Solutions and Simplify Healthcare® to Launch Sagility Synchrony
  • Baylor Scott & White Health Plan will stop providing Medicaid and marketplace coverage in Texas
  • Mallory McMorrow shops maternal health plan with focus on Black mothers, addressing inequities
  • SAFEGUARDING PATIENTS FROM COVERAGE LOSS, ELLMAN TARGETS OVERDUE PREMIUM POLICIES
  • EMPLOYER-SPONSORED HEALTH INSURANCE 101
More Health/Employee Benefits News

Life Insurance News

  • Judge allows PHL policyholders to intervene, denies ‘premium holiday’
  • eHealth expands into final expense insurance
  • CID hosts info session for PHL Variable policyholders
  • ‘Seismic changes’ cloud global economy, analyst says
  • Lifetime income is the missing link to global retirement security
More Life Insurance News

- Presented By -

Top Read Stories

More Top Read Stories >

NEWS INSIDE

  • Companies
  • Earnings
  • Economic News
  • INN Magazine
  • Insurtech News
  • Newswires Feed
  • Regulation News
  • Washington Wire
  • Videos

FEATURED OFFERS

Protectors Vegas Arrives Nov 9th - 11th
1,000+ attendees. 150+ speakers. Join the largest event in life & annuities this November.

An FIA Cap That Stays Locked
CapLock™ from Oceanview locks the cap at issue for 5 or 7 years. No resets. Just clarity.

Aim higher with Ascend annuities
Fixed, fixed-indexed, registered index-linked and advisory annuities to help you go above and beyond

Unlock the Future of Index-Linked Solutions
Join industry leaders shaping next-gen index strategies, distribution, and innovation.

Leveraging Underwriting Innovations
See how Pacific Life’s approach to life insurance underwriting can give you a competitive edge.

Bring a Real FIA Case. Leave Ready to Close.
A practical working session for agents who want a clearer, repeatable sales process.

Press Releases

  • RFP #T01825
  • RFP #T01825
  • RFP #T01525
  • RFP #T01725
  • Insurate expands workers’ comp into: CA, FL, LA, NC, NJ, PA, VA
More Press Releases > Add Your Press Release >

How to Write For InsuranceNewsNet

Find out how you can submit content for publishing on our website.
View Guidelines

Topics

  • Advisor News
  • Annuity Index
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • From the Field: Expert Insights
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Magazine
  • Insiders Only
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Washington Wire
  • Videos
  • ———
  • About
  • Meet our Editorial Staff
  • Advertise
  • Contact
  • Newsletters

Top Sections

  • AdvisorNews
  • Annuity News
  • Health/Employee Benefits News
  • InsuranceNewsNet Magazine
  • Life Insurance News
  • Property and Casualty News
  • Washington Wire

Our Company

  • About
  • Advertise
  • Contact
  • Meet our Editorial Staff
  • Magazine Subscription
  • Write for INN

Sign up for our FREE e-Newsletter!

Get breaking news, exclusive stories, and money- making insights straight into your inbox.

select Newsletter Options
Facebook Linkedin Twitter
© 2026 InsuranceNewsNet.com, Inc. All rights reserved.
  • Terms & Conditions
  • Privacy Policy
  • InsuranceNewsNet Magazine

Sign in with your Insider Pro Account

Not registered? Become an Insider Pro.
Insurance News | InsuranceNewsNet