Insurance Expert On Flood Insurance

Legal DocumentsMark Lujan, the regional manager of the Federal Emergency Management Agency’s National Flood Insurance Program, tried to counter some of the myths about flood insurance at a recent public forum in Oklahoma City.  “Even if you are in a low-risk flood zone you can get flood insurance,” Lujan said. “You can get it, and it is very inexpensive.”  Most of those affected by last month’s floods in Oklahoma City qualified for inexpensive insurance but didn’t know it, the expert said.

Lujan said many insurance agents are unaware of the national program offering flood insurance and tell people they can’t get it. He said many of those flooded in Oklahoma City last month could have insured their homes up to $250,000 against flooding for $77 a year.  “Homeowners insurance does not cover floods, so people don’t understand it,” Lujan said. “There is a lot of bad information getting out there.”
Read more: http://newsok.com/flood-insurance-not-available-not-so/article/3487403#ixzz0xNoCWdsR

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