Question

why many homeowners did not have flood insurance before the advent of Hurricane Katrina in 2005 ?

Answer 1

Answer:

One of the main reasons why many homeowners did not have flood insurance before the advent of Hurricane Katrina in 2005 was: ... Insurance premiums in Louisiana went up by 70% between 1997-2005, causing many people to cancel their insurance.

Answer 2

Most homes in the storm-wrecked area are insured against wind damage— but not against flood damage. And that means many people could lose everything. Hurricane Katrina is expected to be the nation's most expensive natural disaster. Most homes in the area are insured against wind damage but not against flood damage, which means many people could lose everything. NPR's Kathleen Schalch reports.

One of the main reasons why many homeowners did not have flood insurance before the advent of Hurricane Katrina in 2005 was: … Insurance premiums in Louisiana went up by 70% between 1997-2005, causing many people to cancel their insurance.

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