We all know that. It's a REQUIRED advisement in every single home owners policy issued in this country.
A lot of the homes destroyed were in areas that were not considered flood zones
You can buy flood insurance on ANY PIECE OF LAND in this country.
so they were told by insurers and mortgage companies that flood insurance was not required.
Sorry, that's just not how it happens; people are advised that their home owners policy doesn't cover flooding and are INSTRUCTED where to go to get it.
Why don't you all stop pretending it's not your own fault? Everybody with a lick of sense new that entire deltar area was SUBJECT to flooding. Hell, I live in North Carolina and I knew it; why didn't you?
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
agreed absolutely.
We bought a home on the N shore of Lake Ponchartrain in 1997. I have a very clear memory of the flood maps presented to us and the level of protection (C) that I would have to have due to my 6 foot elevation above sea level.
This isn't rocket science.