Hurricanes remain the costliest natural disasters in the U.S.today, with Katrina ($67.8 billion) topping the list, followed bySandy ($26.4 billion) and Andrew ($25.8 billion).
The common denominator among these hurricanes: the surprisinglylow numbers of affected property owners covered by flood insurance.
With only 5% of American homeowners insured through theNational Flood Insurance Program (NFIP), and flashflooding a potential risk everywhere in the U.S., the followinginformation about flood insurance is presented to help insuranceagents become more comfortable with what is admittedly a differentpolicy than what they typically sell on a dailybasis.
Continue Reading for Free
Register and gain access to:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
