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  2. Flood insurance isn't perfect. You should probably buy ... - AOL

    www.aol.com/finance/flood-insurance-isnt-perfect...

    One study published this year found that following a flood disaster declaration, local insurance takeup increases 7% in the next year, then dwindles. Five years later, the demand is gone. Five ...

  3. Buying a house in a flood zone? Know the risks first - AOL

    www.aol.com/finance/buying-house-flood-zone-know...

    The need for flood insurance when buying a house in a flood zone is critical, and if the home you’re buying is in an SFHA high-risk zone, your mortgage lender will likely require it.

  4. How strong are your finances, really? Part two: 4 more money ...

    www.aol.com/finance/more-financial-questions-to...

    Flood insurance. If you live in a flood zone, you need flood insurance. In fact, even if you don’t live in a flood zone, it might be worth exploring— unless you live on the upper floor of an ...

  5. Thousands of US communities forgo federal flood insurance - AOL

    www.aol.com/thousands-us-communities-forgo...

    Severe flooding in areas not typically associated with flood problems may have Americans wondering if they should buy federal flood insurance. But National Flood Insurance Program (NFIP) coverage ...

  6. Flood insurance rate map - Wikipedia

    en.wikipedia.org/wiki/Flood_Insurance_Rate_Map

    The term 100-year flood indicates that the area has a one-percent chance of flooding in any given year, not that a flood will occur every 100 years. [2] Such maps are used in town planning, in the insurance industry, and by individuals who want to avoid moving into a home at risk of flooding or to know how to protect their property. FIRMs are ...

  7. Flood insurance - Wikipedia

    en.wikipedia.org/wiki/Flood_insurance

    Flooding resulting from Hurricane Katrina. Nationwide, only 20 percent of American homes at risk for floods are covered by flood insurance. [2] Most private insurers do not insure against the peril of flood due to the prevalence of adverse selection, which is the purchase of insurance by persons most affected by the specific peril of flood.

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