Flood insurance rates to reflect higher risk

Flood insurance rates to reflect higher risk - Sep. 6, 2005: "If homeowners were to take away one lesson from Hurricane Katrina's destruction, it's that flood insurance should be considered a necessity, not a luxury.
But with the National Flood Insurance Program expected to pay out billions of dollars in claims to cover the flood damage in Louisiana and other hard-hit states, homeowners that are suddenly interested in the extra protection may be forced to pay more for coverage. "
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