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.
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.
