When the waters rise: The need for flood insurance

When the waters rise: The need for flood insurance

When most people think of flooding it’s probably a coastal image that comes to mind, with either Florida or Louisiana getting battered by a hurricane. Yet flooding can happen just about anywhere, such as a river overflowing its banks or a California mudslide sweeping everything away. Poor drainage systems, rapid snowfall, snowmelt or problems with a levy can all add up to a homeowner suddenly feeling like a biblical Noah, even for those who might…

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Wildfire-hit areas could skip wait time for flood insurance

Wildfire-hit areas could skip wait time for flood insurance

Residents in Colorado affected by recent wildfires could be eligible for an exception from the 30-day waiting period usually required for flood insurance coverage, according to the Federal Emergency Management Agency. The Biggert-Waters Flood Insurance Reform Act of 2012, signed into law recently by President Barack Obama, increases access to the National Flood Insurance Program for some residents whose homes were impacted by flooding from federal land that resulted from wildfires. The new law exempts…

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