AP Exclusive: Flood insurance policies plunged before Harvey
The sharp, 9 percent drop in coverage means many residents fleeing Harvey's floodwaters have no financial backup to fix up their homes and will have to draw on savings or go into debt — or perhaps be forced to sell.
A former head of the federal flood insurance program called the drops "unbelievable" and criticized the
"When you start to see policies drop like this,
In percentage terms, the drop was even more dramatic in certain sections of the county: In Pasadena, just southeast of
The current head of the flood insurance program,
He said he is working to close to gap, but noted that the decision to keep or drop coverage largely lies with individuals.
"I can educate and make the product available, but ultimately this is a pocketbook decision made by each individual homeowner," said Wright, director of the National Flood Insurance Program.
Experts say another reason for the lack of coverage in the
In total,
The number of policies in
Under current rules, most homeowners with mortgages living in high risk areas for flooding, called Special Flood Hazard Zones, must buy flood insurance.
Most of the
One problem with the flood risk maps highlighted by Tropical Storm Harvey: They don't take into account the risk of flooding from overcapacity drainage sewers and ditches or from water flowing toward a sewer or bayou. More than half of the flooding in
For
On Monday, Walsh was evacuated from his east
He fears everything is gone.
Condon and Sweet reported from


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