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Louisiana NFIP Policyholders Paid $2 Billion

According to a news release from the National Flood Insurance Program, its policyholders in Louisiana have been paid more $2 billion since the August flooding in the Bayou State...
December 20, 2016

According to a news release from the National Flood Insurance Program (NFIP), its policyholders in Louisiana have been paid more $2 billion since the August flooding in the Bayou State. And the Federal Emergency Management Agency (FEMA), which administers the NFIP, said some policyholders also have received additional payments to strengthen their homes against damage from future storms and floods.

Homeowners can get up to $250,000 for structural damage and $100,000 for contents from their flood insurance claims, while business owners may receive up to $500,000 for structural damage and damage to contents. FEMA estimates that 42 percent of Louisiana homes in high-risk areas carry flood insurance, while only 12.5 percent of those living in low- and moderate-risk areas do.