AUSTIN, Texas – Floods are the most frequent—and the most costly—natural disasters in the United States, and most homeowners insurance policies do not cover flood damage. Without flood insurance, homeowners and renters could pay out of pocket or take loans to repair or replace their home or damaged contents. But, the National Flood Insurance Program (NFIP) offers many Texans a sweetheart of a deal to help reduce the financial burden of these disasters through a Preferred […]
