Consumer needs surpass home insurance coverage
Many citizens wonder where to turn when flooding or other natural disasters strike
Flood insurance sales have picked up in parts of Wisconsin where in the last few years residents have experienced what they call flood shock.
Record breaking rain fall in Lake Delton, Wisconsin and $765 million in damages last year alone have prompted residents to more seriously consider obtaining additional coverage, reports Madison, Wisconsin CBS affiliate WISC-TV.
According to the National Flood Insurance Program, standard home insurance plans don’t cover flooding so property located in the vicinity of hurricane, tropical storm or heavy rain activity may consider getting a supplemental plan.
Homeowners in Florida are one segment of the population keen to hear what kind of support the government will offer to citizens living in these areas, many of which are considering coverage to complement their current home insurance plan and keep their assets better protected.
But a report from the Sun Sentinel says many Florida homeowners in coastal areas hard hit by hurricanes are up in arms because the president has seemingly abandoned the support he previously offered for the federal government to play a role in offering affordable disaster insurance.
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Posted: May 13, 2009
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