Oct 4, 2024
Most US Homeowners Hit By Hurricane Helene Don’t Have Flood Insurance
CBS News
When buying or renting a place to live, most people's main consideration in deciding whether or not to buy insurance for flooding is whether the property is in a high-risk zone. But that creates a "false sense of security," according to Georgina Sanchez, a faculty fellow and research scholar at the Center for Geospatial Analytics at North Carolina State University. "This perception can discourage residents from flood insurance," as occurred in western and northern North Carolina, Sanchez told CBS MoneyWatch.