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Tag: flood insurance

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A small house in Spring, Texas, worth $42,000, flooded 19 times due to heavy rain. The National Flood Insurance Program (NFIP) covered repairs for each of those floods, costing a whopping $912,732—over 20 times the value of the house itself. About ...

Drowning in Risk

A small house in Spring, Texas, worth $42,000, flooded 19 times due to heavy rain. The National Flood Insurance Program (NFIP) covered repairs for each of those floods, costing a whopping $912,732—over 20 times the value of the house itself. About ...