US EditionFlood risk is widespread in the U.S. Few people have insurance for it
- Nearly every county in the United States has experienced flooding recently, yet only 4% of homeowners have flood insurance, according to the Federal Emergency Management Agency.
- Flood insurance coverage is necessary for homes in high-risk areas with government-backed mortgages, as noted by First Street.
- Flood insurance costs are surging, with some in Plaquemines Parish potentially paying over $5,400 annually, an increase of more than 500%.
- Experts indicate that purchasing flood insurance, primarily through FEMA's National Flood Insurance Program, is essential for property protection and community value preservation.
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Flood risk is widespread in the U.S. Few people have insurance for it
Nearly every county in the United States has experienced flooding in the past few decades, but just 4% of homeowners nationwide have flood insurance, according to the Federal Emergency Management Agency.It’s what experts call the flood insurance gap. Most homeowners insurance doesn’t cover flooding. And while FEMA aid may be available to help people repair their homes after federally declared disasters, it often covers just a fraction of the cos…
·Portland, United States
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Total News Sources5
Leaning Left4Leaning Right0Center1Last UpdatedBias Distribution80% Left
Bias Distribution
- 80% of the sources lean Left
80% Left
L 80%
C 20%
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