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September 8, 2017

Fewer carry flood insurance despite risk

By TERRY SPENCER, MEGHAN HOYER and MICHAEL KUNZELMAN
Associated Press

PLANTATION, Fla. — Amanda Spartz nearly did not renew her home's flood insurance policy after her first year in Florida. Two hurricanes came close to the Fort Lauderdale suburbs last year, but they didn't hit and her home isn't in a high-risk flood zone. She figured she could put the $450 annual premium, due next week, to another use.

Then Harvey hit Houston, its historic rains causing massive floods even in low-risk neighborhoods. Spartz, a business analyst, paid the bill this week.


 
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