Sixty per cent (60%) of homeowners in high-risk flood zones don’t have active flood insurance policies, according to a new study by ValuePenguin.
Across the 100 largest US cities, there were only four active flood policies for every 10 houses in what the Federal Emergency Management Agency designates as “100-year floodplains,” according to the study. Most of the policies were concentrated in regions like Florida and Louisiana, where homeowners are generally more aware of flood risks.
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