Indiana Flood Coverage Falls Below 0.48% After 7 Deaths as Hurricane Season Nears
Updated
Updated · The New York Times · Aug 21
Indiana Flood Coverage Falls Below 0.48% After 7 Deaths as Hurricane Season Nears
2 articles · Updated · The New York Times · Aug 21
Summary
Fewer than 0.48% of Indiana homes — about 1 in 200 — carried flood insurance after August storms swamped neighborhoods and killed seven people.
The gap matters because standard U.S. homeowners policies do not cover flood damage; separate coverage is sold through FEMA’s National Flood Insurance Program or private insurers.
Indiana had 13,466 federal flood policies in mid-July, down from about 26,000 in 2015, even though coverage is required only for high-risk homes with federally backed mortgages.
Midwest flooding underscored that inland areas face major exposure ahead of the Atlantic hurricane season’s peak, with average U.S. flood claims near $83,000 from 2020 to 2024.