As a homeowner, you must maintain flood insurance coverage on the residence at the flood-damaged property address for as long as the structure exists if you ever wish to receive federal assistance with any subsequent flood losses to real property, personal property, or both. Any subsequent owner of that real estate must maintain flood insurance coverage to be eligible for federal assistance.

Source Note: The provisions of this §386.506 adopted to be effective April 6, 2003, 28 TexReg 2956; transferred effective September 1, 2004, as published in the Texas Register September 17, 2004, 29 TexReg 9013