Risk Estimate Led to Few Flood Policies ----(Will FEMA/Fed's help those with low risk estimate rebuild?)
Risk Estimate Led to Few Flood Policies: "Risk Estimate Led to Few Flood Policies
For Most in New Orleans's Ninth Ward, Extra Coverage Wasn't Required
By Peter Whoriskey
Washington Post Staff Writer
Monday, October 17, 2005; Page A01
NEW ORLEANS -- Many of the thousands of homeowners in the Lower Ninth Ward, one of the hardest-hit areas in the city, lacked flood insurance because the neighborhood in theory was supposed to be relatively safe, local insurance agents and residents said.
Most of the area sits outside the 'high-risk' flood districts designated on federal maps used for insurance, and so, unlike homeowners elsewhere in this low-lying city, most in the Lower Ninth Ward were not legally required by lenders to buy flood coverage."
For Most in New Orleans's Ninth Ward, Extra Coverage Wasn't Required
By Peter Whoriskey
Washington Post Staff Writer
Monday, October 17, 2005; Page A01
NEW ORLEANS -- Many of the thousands of homeowners in the Lower Ninth Ward, one of the hardest-hit areas in the city, lacked flood insurance because the neighborhood in theory was supposed to be relatively safe, local insurance agents and residents said.
Most of the area sits outside the 'high-risk' flood districts designated on federal maps used for insurance, and so, unlike homeowners elsewhere in this low-lying city, most in the Lower Ninth Ward were not legally required by lenders to buy flood coverage."
posted by Blackgold at 7:40 AM
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