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Flood Insurance News

Separate Flood Insurance a Must in the US

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An official from the Insurance Information Institute strongly urges homeowners to consider purchasing flood insurance. In the US, homeowner's insurance purchased through insurance companies does not cover floods; you can get flood coverage through FEMA's National Flood Insurance Program (NFIP) for your home (whether owned or rented) and business. 
 
The average premium is $450 but the exact amount depends on whether you live in a high risk area. 
 

Official hopes Katrina made need for flood coverage clear

Huntsville Times - 5/25/2006 5:20 AM

Loretta Worters has been in New Orleans for the past several months as the city tries to recover from Hurricane Katrina.
 
Worters is vice president of the Insurance Information Institute in New York. The organization's mission is to improve public understanding of insurance - what it does and how it works.
 
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