Did you know more humans have been killed by flooding than any other type of natural disaster?
Sure, Earthquakes kill a lot of people, but they kill more more when the dam breaks. Yes, Hurricanes kill a lot of people, but the storm surge is what gets most of them, not the wind. disasters in the last century it was flooding that killed the most people.
But it you know know that you do not have floods of Biblical Proportions like Noah or Katrina or the Tsunami in Indonesia either. What you need is flood insurance for your home, in case it is a total loss. that most homeowner & # 39; s insurance policies will not pay for flood damage?
It is true says the FEMA Government website and the website also advises to buy insurance now, and not wait until the big storm, as most insurance companies that write flood policies have a 30-day delay before they start coverage.
You must buy Flood insurance if you live in a 'designated high' Ginny Mae, Fannie Mae or Freddie Mac. If your home loan is through the the VA, you must have flood insurance if you live in a "designated high -risk flood zone "as well.
Most people follow these things say yes, but if those homeowners can not afford that insurance, due to price, they might lose their homes when this insurance is bought for them and they can not pay that bill.
