The sad thing is that much of New Orleans wasn't included in the Flood Insurance mandated areas....
Now that doesn't change the fact that anyone living behind a levee and below normal sea level would think that it should be advisable to carry. That I don't understand and why major banks would loan money without a policy is beyond me even though it wasn't mandated by the feds....
http://www.washingtonpost.com/wp-dyn/content/article/2005/10/16/AR2005101601209.html
Now that doesn't change the fact that anyone living behind a levee and below normal sea level would think that it should be advisable to carry.
You know why they do that; they BET they wouldn't need it and they figured that if they did, WE would pick up the tab.
And evidently they hope/wish/think we should pick it up with NO QUESTIONS asked.
Mind you, I am posting this as I get ready to write a PERSONAL CHECK to cover the cost of taking out 33 tress on my lot that were damaged from an ICE STORM a couple of years ago. ;-)