US homeowners are turning to the private flood insurance market and other avenues to avoid rising flood insurance costs. Photograph: Others avoid claiming on flood damage altogether to ensure their premiums remain low.
US homeowners are turning to the private flood insurance market and other avenues to avoid rising flood insurance costs. Many of the solutions involve owners taking practical measures such as elevating their homes above flood zones, and paying off mortgages early to avoid flood insurance mandates. Others avoid claiming on flood damage altogether to ensure their premiums remain low.