Why Houstonians Didn ' t Buy Flood Insurance

Thousands of Houston-area homeowners will face massive, uninsured losses due to flood damage. Few homeowners buy flood insurance unless they are required to, and it ' s only mandatory for homes with mortgages located in FEMA-defined high-risk flood zones. People tend to ignore low-probability risks.
Source: The RAND Blog - Category: Health Management Authors: Source Type: blogs