Preparing for Floods: Recommended Reading
As recovery efforts following Hurricane Sandy continue, homeowners who lost their homes are filing insurance claims or hoping for federal help to rebuild. But there are also calls to require those rebuilding in coastal areas to make changes to the structures, and the seaside, to reduce the potential damage—and its cost—if disaster strikes again. People with ocean view homes, however, typically resist suggestions such as sand dunes or rebuilding homes on higher ground or on raised platforms to reduce flooding, according to a recent article in the New York Times.
Expect the debate to continue. Most flood insurance is issued by the U.S. government because private insurers don’t want to absorb the risk. And the money needed to pay out claims exceeds the premiums collected.
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