And it raises an ominous question: Are you blind to your flooded future? But perhaps the NFIP—a government program—simply hasn’t succeeded in marketing flood insurance the way it should. He points out that policyholders who don’t reside in high-risk areas filed more than 40% of all federal flood insurance claims. Note that NFIP flood insurance does not cover additional living expenses. The Price TagThose who can’t afford flood insurance, or opted against it, or didn’t even know about, will ultimately pay the price.

Source: Forbes October 12, 2020 10:52 UTC