What is flood insurance and why the system is broken: 6 questions answered
- Written by Robert W. Klein, Director, Center for RMI Research, Associate Professor, Risk Management and Insurance, Georgia State University
High tides, whipped in by Hurricane Hazel in 1954, shattered boats and buildings in Swansboro, N.C.AP Photo, File
Editor’s note: Homeowners generally rely on insurance provided by the federal government to cover the costs of rebuilding their lives after a flood. We asked an insurance expert to explain the government program and its challenges....
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