He figured they could use the money they saved on premiums for repairs if the house ever got hit. With the price of flood insurance rising, Beckum’s father decided years ago to cancel the policy. “We have three to four inches of water throughout the house,” Beckum said.īeckum and her husband, Henry, live in The Langston Cottage, a home her grandfather built in the 1940s. Neighbors sent her pictures showing the damage. But she knows a big cleanup is waiting for her. Kim Beckum evacuated to Atlanta and hadn’t yet seen her family’s house on St. Kempner: How to keep your home from going down the (storm) drain “A lot of people face tremendous risk (because of that).” “The biggest thing is people are told they don’t have to have (flood insurance) because they’re not in a mandatory flood zone, when in fact the flood zones are really outdated,” said Daniel Schwarcz, a University of Minnesota law professor who is an expert in insurance matters. ![]() In Texas, where Hurricane Harvey caused extensive flooding, only about 20 percent of those with damage had flood coverage, Hunter said. It’s still unclear how many had flood damage from Irma and have no coverage. ![]() Statewide, about 86,000 Georgians have flood insurance. Klein, director of the Center for Risk Management and Insurance Research at Georgia State University's J. "A lot of people just don't know their homeowners won't cover them for flood," said Robert W. But in big storms, flood waters usually flow far beyond the zones on the official flood maps. People who live in federally-defined flood zones are required to buy flood insurance if they have a mortgage. Robert Hunter, director of insurance for the Consumer Federation of America and a former administrator of the National Flood Insurance Program.įlood damage is not covered by a typical homeowners policy. “Definitely more than half of the people who have damage will not have flood coverage,” said J. And usually, they hear about it because they don’t have it. After a massive hurricane, homeowners with damage often hear for the first time about flood insurance.
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