If the president declares a disaster, then you may qualify for help from the federal government. Most disaster assistance from the government comes in the form of federally subsidized loans from the Small Business Administration.
But, Csiszar says, it’s better to buy an insurance plan. Yes you have to pay insurance premiums up front, but “you are getting a subsidized price, I’ve always thought it was worthwhile.” And in the end, he says, you’re not left with a hefty loan to repay.
“Occasionally you see grants [from the federal government to municipalities],” he adds, “but you don’t see grants typically to homeowners.”