Posted On: June 17, 2008, 11:48 am CDT

Posted By: Bill

I live in an area hit by the recent floods. While I was not flooded, many of my clients were affected. Some of them should have had flood insurance. Others should have had a lot more flood coverage than they had. In any case, I am not aware that FEMA will be rebuilding homes and handing out checks to cover all their losses.
This was a 500-yr flood, or, as one weatherman said, it is a 1-in-500 chance that we would have had a flood like this. How many of us carry flood insurance when we have a 1-in-500 chance of being hit by a flood? We don't live on the Gulf of Mexico where it's a matter of time before we get hit by a hurricane. We live 1-2 MILES from the nearest river, and we were flooded. How many of your clients have bought or are now buying flood insurance after they've seen what happened in the Midwest? I'm guessing not many - if any.