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Why Flood Insurance Is Failing The U.S.
Posted
November 18, 2020
Views
202,285
Likes
2,940
Comments
677
Engagement
1.79%
November 18, 2020
202,285
2,940
677
1.79%
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18:31Now Playing2020 is officially the busiest hurricane season on record and flooding is one of a storm’s most devastating consequences. FEMA estimates one inch of flood water can cause up to $25,000 in damage. The U.S. began offering nationalize flood insurance in 1968 but the program, called the NFIP, is now over $20 billion in debt. Private companies are starting to offer flood insurance as well. However, flood insurance is more complicated than it may appear. Watch the video to better understand how flood insurance works, and doesn’t work, in the U.S.
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How Flood Insurance May Encourage Dangerous Building Practices
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