Roughly 1 in 200 family homes in hurricane Helene-devastated Appalachia have flood insurance, according to a report.
Less than 1% of family homes in the areas most heavily impacted by Hurricane Helene have flood insurance, according to a new report from Reuters. Flood insurance in the U.S. is primarily provided through the National Flood Insurance Program, not by private companies. The program was designed to cover coastal flooding, however, and it does not apply to most areas in Appalachia that were devastated by Helene. As a result, just 1 in 200 affected homes are covered by the program.
preliminary estimate by Moody's Analytics says the fallout from Helene could carry an economic cost in the tens of billions of dollars. At least 106 people have been confirmed dead across Florida, Georgia, South Carolina, North Carolina, Virginia and Tennessee after Helene made landfall in Florida's Big Bend region as a Category 4 hurricane late last week.
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