Understanding flood insurance in the US

Flood homeowners Insurance Program

Flood protection is a problematic issue Flood insurance has become a strange subject in the U.S. Many homeowners are unaware of flood protection, but for those living in coastal regions of the country this protection is mandatory. Private insurers do not typically offer flood protection because of the costly nature of natural disasters and how often these disasters can cause floods in certain parts of the country. As such, the only place that most homeowners can find flood protection is through the National Flood Insurance Program. Receiving protection from this…

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All About Flood Insurance – What you need to know

Flood Insurance and rain

Floods occur in every state in the United States. Recent flooding in Colorado resulted in multiple fatalities and property damage estimated at more than two billion dollars. Amidst the tragedy there are reports that 10 to 25 percent of Colorado homes have separate flood insurance policies. Six percent of the 77,000 detached homes in oulder County had flood insurance, only 2.3 percent of El Paso County single-family homes (170,000) had insurance for floods, and only 1.5 percent of Larimer County’s 90,000 homes were covered against floods. Flood insurance is an…

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SMARTERSAFER.ORG ASKS PRESIDENT OBAMA TO CALL FOR CONGRESSIONAL ACTION ON NFIP

PRESS RELEASE: SmarterSafer.org today asked President Obama to use his upcoming State of the Union address to urge Congress to take meaningful reform of the National Flood Insurance Program (NFIP). The U.S. House of Representatives overwhelmingly passed a bill that makes a number of needed reforms that would put NFIP on sound financial footing, and the U.S. Senate Banking Committee unanimously approved a similar bill in September. “We believe the House and Senate bills can be easily reconciled, with a final bill sent to your desk for signature this year,”…

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