Kokua Line: How do FEMA grants compare to flood insurance?

Question: We have a flood insurance policy underwritten by FEMA coming up for renewal and we suspect with a large increase in premium. We have been fortunate in having no flood damage. It provides only about half the value of our home and the amount cannot be increased. The deductibles are large. It appears that FEMA pays whether there is insurance or not and those without insurance have no deductible. Is there any reason to continue buying flood insurance?

See the original article at: Honolulu Star-Advertiser