Floods and Flooding
NAR supports renewing and strengthening the long-term viability of the federal flood insurance program, as well as maintaining funding to update and improve the accuracy of flood maps.
In its recent report Disaster Resiliency: A National Imperative, the NRC recommends investment in risk reduction through insurance and other financial instruments that enhance resilience by encouraging mitigation of properties and infrastructure.
Without government intervention, the private market will fail to supply enough flood insurance to cover the 5.5 million who demand it. Flooding claims more lives and property than any other natural disaster.
As Florida residents clean up in the aftermath of Tropical Storm Debby, many more Americans can anticipate flooding and damage during this year's hurricane season. HouseLogic.com , the award-winning comprehensive website for home owners from the National Association of Realtors®, offers valuable resources and information to help residents clean up after floods.
(Updated January 2013)