Midwest News
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Many Homeowners in Flooded Midwest Lack Insurance
Midwest News • June 16, 2008
Recent flooding that swamped parts of the Midwest, including Indiana, Wisconsin and Iowa, caught many property owners unprotected. Only 1 percent of all Indiana homeowners have flood insurance. ...
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| Subject | Posted By | Posted On |
|---|---|---|
| What Are Your Thoughts | kitretelert | Nov 4, 2009, 12:33 pm |
| RE: RE: RE: free money????? / Bill | Fla. Agent | Jun 19, 2008, 6:20 am |
| Flood articles | See Flood Information | Jun 17, 2008, 12:27 pm |
| RE: RE: free money????? | Bill | Jun 17, 2008, 11:48 am |
| RE: RE: RE: free money????? | Brokette | Jun 16, 2008, 5:58 pm |
| RE: RE: free money????? | Listen to Rosie | Jun 16, 2008, 5:47 pm |
| RE: Al Gore warned y'all | Disgusted with Rosie | Jun 16, 2008, 4:11 pm |
| RE: free money????? | wudchuck | Jun 16, 2008, 3:58 pm |
| RE: free money????? | Fla. Agent | Jun 16, 2008, 3:58 pm |
| free money????? | BK | Jun 16, 2008, 2:41 pm |
| New Orleans | John Smythe | Jun 16, 2008, 1:30 pm |
| RE: RE: No sympathy !!!! | Brokette | Jun 16, 2008, 1:18 pm |
| RE: No sympathy !!!! | Dread | Jun 16, 2008, 1:13 pm |
| No sympathy? | Brokette | Jun 16, 2008, 12:47 pm |
| Al Gore warned y'all | Rosie | Jun 16, 2008, 12:39 pm |
| Back to article | ||
Subject: RE: free money?????
Part of the problem is the common usage of the term "flood plain" when referring to the Special Flood Hazard Areas or the high risk A or V zones.
Realtors and loan officers commonly refer to the "flood plain" and the fact that the buyer/borrower "doesn't need to buy flood insurance."
Top that off with the agents who only sell flood when the client asks for it, or if they did offer the coverage, did not have the client sign a rejection form when they declined the coverage.
Result: 99% of the flood victims are uninsured.