Federal disaster assistance does provide funds to some affected by floods, but federal assistance is available only after a geographic area has been declared a federal disaster. The federal government issues disaster assistance declarations in fewer than 50% of flooding events. (Credit: On-Air/Adobe Stock) Federal disaster assistance does provide funds to some affected by floods, but federal assistance is available only after a geographic area has been declared a federal disaster. The federal government issues disaster assistance declarations in fewer than 50% of flooding events. (Credit: On-Air/Adobe Stock)

Policyholders have filed more than 44,000 flood insurance claims with the National Flood Insurance Program (NFIP) after Hurricane Ian. The federal flood insurance program has already paid nearly $437 million to policyholders as of early November 2022.

That’s just a small portion of the flood losses it expects to pay as a result of that storm, estimated by FEMA to ultimately range from $3.5 billion-$5.3 billion. 

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