Maps show Hurricane Harvey flooding is worse than you thought

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Harvey will put another hit on the beleaguered program, which is deeply underwater and not likely to repay the billions of dollars it borrowed from the U.S. Treasury after hurricanes Katrina and Sandy. All that damage will be water damage.

Hanna warned that "storm chasers" often go from home to home offering to do repairs.

Loretta Worters, a spokesperson for the Insurance Information Institute, said floods do have a least one positive effect: They convince people who had shrugged off the risk to their homes to buy policies. Similar take-up rates are found in neighboring counties, though the rate drops off the further inland from the immediate coastline.

The report, titled "Higher Ground", crunched federal data to show that just 2 percent of the program's insured properties were receiving 40 percent of its damage claims.

Why? The NFIP has been around since 1968 and was created to "reduce the impact of flooding on private and public structures", according to the program's official government website.

Q: Who is required to buy flood insurance?

But when it comes to residential flood damage, the private insurance sector is off the hook. Robert MenendezRobert (Bob) MenendezJury selection underway in Menendez trial Lawmakers target horse meat trade Senators, staff get approval to testify in Menendez corruption trial MORE (D-N.J.) and John KennedyJohn Neely KennedyMORE (R-La.). Two relatively modest storms that hit Houston in 2015 and 2016-so small they didn't get names-did so much property damage they made the list of the 15 highest-priced floods in USA history.

Get the policy holder more of what they deserve and in many cases faster.

Unlike Corpus Christi and Rockport, much of the Houston area was damaged by flooding, not winds. The Consumer Federation of America warns that victims must be vigilant and make sure the claims are handled appropriately.

Hunter has served as both the Chief Actuary of the National Flood Insurance Program and was at another time the Commissioner of Insurance for the state of Texas. Sill adjusters have resolved claims during the last 15 years alone for victims of Hurricanes Matthew, Sandy, Ike, Wilma, Katrina and Charley from Texas and Louisiana to Florida and north to NY and New Jersey.

The CFA also warned about rising premiums in the wake of the storm. It's an argument that helped spawn the government's own plan under the National Flood Insurance Act of 1968. "There is not one moonshot solution to reducing flood risk", she said. Premiums don't cover payouts, meaning the rest of the country subsidizes bailouts whenever a flood-prone area suffers a disaster. The Government Accountability Office doesn't believe the program will generate enough funds to pay back Treasury for previous storm costs. Use any means available to document your notice submission in writing - whether by email, text, or letter - but undertake all efforts to comply with your policies' notice requirements as your insurers may use any purported failure to follow the requirements against you.

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