FEMA Urges Homeowners not to Gamble on Flood Insurance
The Federal Emergency Management Agency issued a statement Monday, warning homeowners that it could be a dangerous move to decide against purchasing flood insurance if they live in an area that could be affected by such an event.
Federal coordinating officer Brad Harris said “if more people knew the real risks and were aware of the real odds we’d have a lot more people signing up for flood insurance,” adding that roughly a quarter of all flood losses occur outside of even so-called “100-year floodplains.” This means that consumers must work to educate themselves about their real risks of suffering home damage from a flood.
