Sherman Township residents eligible for flood insurance.

October 21, 2014

SHERMAN TWP.  – Sherman Township has joined over 21,000 communities nationwide that are allowed to purchase federally backed flood insurance. The availability follows the community’s adoption and enforcement of ordinances to reduce flood losses and acceptance by the National Food Insurance Program (NFIP).

Residents of the township will be able to purchase flood insurance up the limits under the Regular Phase of the program, however, there is a 30-day waiting period before flood insurance coverage goes into effect. For single-family dwelling, the building coverage limit is $250,000, and the contents limit is $100,000. Renters can also protect their belongs by purchasing contents coverage, For commercial properties, the building and contents coverage limits are both $500,000.

 

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