Why the NFIP is $25 Billion in Debt – REASON # 6 – Flood Maps are +/- 40% wrong

By FEMA’s own admission their “flood maps have an uncertainty of greater than 40%”.

 

We can only assume that the Actuary side of our flood insurance premiums has a similar “uncertainty”.

 

If that is so, how can FEMA / NFIP confidently provide flood insurance premiums that reflect our homes true risk?

 

Without flood maps that are correct we truly do not have a fair and equitable flood insurance program.

 

Congress needs to fully fund FEMA’s mapping program.

 

Furthermore  over 13 Federal Agencies and Every State uses the flood maps for their separate use, they should be paying a portion of the flood mapping.  The burden should not exclusively be put upon NFIP policyholders.

 

 

     

Read Reason #1 , Reason # 2 , Reason # 3  Reason # 4 and Reason # 5 are  here

 

Please share this email to fellow flood policy holders and elected officials in your community.

 

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