Insurance: Can't do without, but can overdo, overspend Chicago Final Edition

Granted, news pictures of flood waters in New Orleans can be emotionally wrenching, but because those homeowners needed flood insurance doesn't mean you do. You only need it if your house is in a flood zone. Local municipal offices have federally required maps that include the elevation for you...

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Bibliographic Details
Published inChicago tribune (1963)
Main Author Gregory Karp, personal finance writer for The Morning Call, a Tribune newspaper in Allentown, Pa
Format Newspaper Article
LanguageEnglish
Published Chicago, Ill Tribune Publishing Company, LLC 25.09.2005
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Summary:Granted, news pictures of flood waters in New Orleans can be emotionally wrenching, but because those homeowners needed flood insurance doesn't mean you do. You only need it if your house is in a flood zone. Local municipal offices have federally required maps that include the elevation for your house and of a so-called 100- year flood, or 1 percent-chance flood, [Robert Hunter] said. If the floor of your house sits higher than the level of the 100-year flood, you don't need flood insurance.
ISSN:1085-6706