Congress recently passed legislation for another extension to keep the National Flood Insurance Program (NFIP) running through March 23. The program is run by FEMA, and according to its website, the NFIP was created to reduce the impact of flooding on houses and businesses. However, the program has many flaws that are exacerbated by what Houston residents affected by Hurricane Harvey are still experiencing— six months after the storm hit.
The harsh truth is that millions of Americans do not have flood insurance. We have seen the consequences of this reality play out in Texas following Hurricane Harvey. Those that do have insurance are often underinsured, which makes rebuilding extremely difficult. One of the major contributors to this lack of insurance is simple lines on a map.
Currently, data used to draw flood maps is inaccurate, leading many homeowners to believe they will not be affected by the flood, and don’t need that much in coverage, or may not need it at all.
Unfortunately, most of the area that Harvey affected was not deemed to be in high-risk flood zones. According to a New York Times article, those who are against the NFIP’s current policies believe that flood map lines are often redrawn to make it legal to build or rebuild houses in flood zone areas for profit. This activity makes the impact of the flood even more devastating for Houston flood victims since they do not reflect the true risks—which is the exact opposite of the program’s promised goal.
Furthermore, even with home insurance, Americans may have a false sense of security. Not everyone realizes that their homeowner’s insurance may not cover flood damage.
FEMA’s National Flood Insurance Program does offer limited flood insurance. Yet, the NFIP is not equipped to deal with the overwhelming number of flood insurance claims. The NFIP is in tremendous debt, and the flood insurance offered by the program is typically not substantial enough to help rebuild homes. The program also does not cover basements or detachable garages, which often receive extensive flood damage.
Read the full article here.
It is unclear as to whether Congress will be able to continue to give extensions to the NFIP or use this as an opportunity to address the program’s major issues. What is clear is that Houston flood victims have been hurt by government flood policies that do not have their best interests at heart. It’s playing a game with their futures at stake. But there’s hope for those who are tired of FEMA’s games.
Do you have flood and wind damage insurance? Was your flood and wind damage insurance claim denied? Or do you think your Hurricane Harvey flood insurance claim was underpaid? The experienced Houston flood insurance lawyers at Long & Long are here to help.
If your home suffered damage during Hurricane Harvey and you have wind and flood insurance, we can handle your entire flood and wind insurance claim for you. Contact the Harvey Flood Property Loss Attorneys at Long and Long today at 713-863-0333.
We have handled over 7,500 property loss claims successfully securing the insurance benefits our clients deserved. Our attorneys are dedicated to fighting FEMA and private insurance companies to win the maximum insurance settlement. We have been up against their adjusters, lawyers and their underpayment tactics time and time again. Don’t be a victim twice.
The experienced Harvey Flood Insurance Claims Attorneys will work to secure the recovery you deserve for your residential, business or commercial property loss claim. Call Long & Long’s Property Loss Attorneys today at 713-863-0333. One of our Houston flood and wind insurance lawyers is standing by to help.
Take control of your insurance claim by calling Long & Long’s Property Loss Attorneys.