The state requires disclosure of flood risk information to buyers, but not to people who rent their homes. For now.
Those in areas prone to flooding are weighing whether it's better to stay in a home, or take a government buyout.
In California, homeowners in high wildfire-risk areas are finding insurance is harder to find, costs more and is worth less.
Larger insurance providers have been cutting back on Floridians' property insurance coverage.
Last year was the most damaging hurricane season on record, with storms Harvey, Irma and Maria wreaking hundreds of millions of dollars of destruction across the United States. The 2018 season gets underway in June, and some forecasters are predicting a normal to above-normal season. What does that mean for getting flood insurance coverage? Click […]
But people may be taking some risks more seriously.
"Everyone becomes on edge when you hear any type of heavy rainfall," a Louisiana homeowner says.
As the devastation continues to mount in Texas, so does the heavy debt owed by the National Flood Insurance Program. The program, which is managed by FEMA, already borrowed nearly $25 billion, most of it to cover claims from Hurricane Katrina and Superstorm Sandy. The program was supposed to effectively manage the cost of flood […]