Flood Insurance Issues Persist for Sandy Victims

This article from the NY Times, Sandy Victims Insurance Headaches Persist points out the rules and regulations are stacked against the policyholder. The National Flood Insurance Program is a terrible and troubled insurance scheme. With 41 years on the clock dealing with the misery of others at their time of loss, I think it’s time to reform or eliminate this program with its draconian adjusting rules. The most recent “reform” the 2012 Biggert- Waters Flood Reform legislation is a knife in the back to property owners who are required by their mortgage company to have flood insurance. All should watch the actions of Congress closely.