This is one of the main reasons we are paying high flood premiums and the NFIP program is $25 Billion in debt.

 

These “Severe Repetitive Loss Properties” (SRL’s) account for less than 1% of the properties and account for 25-30% of all claims paid = $15 Billion Dollars.

 

If FEMA/NFIP had remediated these properties after the 2nd or 3rd time they flooded the NFIP program could have easily saved tens of Billions of Dollars

 

Read the full story here

 

 

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