Homeowners insurance does not pay for flood damage from rising waters. A lot of the homes destroyed were in areas that were not considered flood zones so they were told by insurers and mortgage companies that flood insurance was not required. Therefore they had no insurance that would cover their loss. Could they have bought flood insurance anyway? Sure, but that's a different argument.
We all know that. It's a REQUIRED advisement in every single home owners policy issued in this country.
A lot of the homes destroyed were in areas that were not considered flood zones
You can buy flood insurance on ANY PIECE OF LAND in this country.
so they were told by insurers and mortgage companies that flood insurance was not required.
Sorry, that's just not how it happens; people are advised that their home owners policy doesn't cover flooding and are INSTRUCTED where to go to get it.
Why don't you all stop pretending it's not your own fault? Everybody with a lick of sense new that entire deltar area was SUBJECT to flooding. Hell, I live in North Carolina and I knew it; why didn't you?
I don't live in a flood zone, but have carried flood insurance for years. Sure paid off in 2001 when we had a 100 year rain event. I got all my premiums back, 1000 fold.
I don't have much sympathy for those who could afford flood insurance, but didn't carry it, in an area below sea level.
I find it hard to believe that someone could live that close to the coast and to a levee and not purchase flood insurance. I have it and I'm not in a designated flood area, however there is a lake and a creek nearby so I am not willing to take chances.