Tax Deductions after Natural Disaster

[Eric Cossey]

Hello BP Community, 

I unfortunately have some flood damage on one of my rental houses due to Hurricane Harvey and is not covered by flood insurance (Yes, I understand this was not a great business move on my part, but I had a brain fart). Can anyone help me in understanding the best way to recover some of these costs as part of tax deductions? I just found out that FEMA will not provide grants for rental properties, but their has to be SOMETHING I can do?

Any help is appreciated during these tough times.