Flood insurance uncommon among Kentucky homeowners under water

Flood insurance - home in water

With dozens of people dead and rain still in the forecast, the area hasn’t been known for this type of flooding. Regions of Kentucky have suffered profoundly as a result of extensive and ongoing flooding, a situation that has only been made worse because there is very little flood insurance coverage throughout the affected areas. Hundreds of homes flooded, primarily badly, and residents were left waiting to assess the damage. While flood insurance is often purchased in parts of the country at a higher risk of damage from these natural…

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Lawmakers to debate the fate of the National Flood Insurance Program

Flood Insurance

Congress begins talks concerning NFIP Federal lawmakers are now responding to growing pressures from agencies, insurance companies and consumers and have begun debates concerning the fate of the National Flood Insurance Program (NFIP). The program is scheduled to expire at the end of this month. If the expiration is allowed, millions of homeowners throughout the country will face lapses in insurance coverage that could have devastating consequences. Hurricane season is scheduled to begin June 1 – one day after NFIP is scheduled to expire – giving lawmakers limited time to…

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