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Fact Sheet: Why Should I Buy Flood Insurance?

From Florida Realtors Flooding is the nation’s costliest and most common disaster, but many property owners outside high-risk FEMA flood zones don’t think it will ever be a problem.

WASHINGTON – On Sept. 19, tropical storm Imelda hit Texas, and even though it was a full hurricane-force storm, Texans – homeowners, business owners and renters – filed 10,600 flood insurance claims. As of Oct. 29, policyholders have been paid 40% of claims or more than $280 million to repair their homes.

Flooding is the nation’s costliest and most common disaster, but property owners who live in communities participating in the National Flood Insurance Program can purchase affordable protection to insure…

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