August 18, 2006
Flooding Is A Reality! Are You Prepared?
There are some parts of the country where flood insurance is considered mandatory. Yet, only 50 percent of homeowners actually carry a policy. Now if there is another hurricane of the magnitude of Hurricanes Katrina or Wilma, who’s to blame for the tragedy? Definitely some of the blame must go to the homeowner.
You probably need time to understand why you need flood insurance, but you don’t need half that much time to buy it. Buying flood insurance is the easiest thing since pricing is standard. You can easily find a list of agents who sell the NFIP policies on the FEMA-run website. Msnbc.msn.com reports:
Anyone living in one of the 20,000 communities participating in the NFIP’s floodplains management program qualifies for coverage, regardless of their risk for flooding. Only those living in communities designated coastal barrier resource system areas are excluded.
Read more: Before the deluge: Why to buy flood insurance
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