Fewer Iowans are purchasing flood insurance coverage in recent times

DES MOINES, Iowa (AP) - The quantity of flood insurance policies sold in Iowa dropped 22 percent in between 2011 and this 12 months, but it’s tough to determine the reason for the decline.
The Des Moines Register
reviews (http://dmreg.co/2eHghpf ) the amount of policies fell to 13,872 at the end of September from 2011’s 17,861.
Officials say some
homeowners may well have dropped coverage when premiums greater or given that they paid off their houses so the coverage was no longer essential by a financial institution.
Buyouts of
properties in flood-prone places may possibly have also contributed.But the complete variety of flood insurance coverage policies statewide is still greater than it had been in September 2008 when massive floods brought about $5 billion in harm in Cedar Rapids. At that point, nearly 12,000 flood insurance policies had been in force in Iowa.

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