LITTLE ROCK, Ark. – Would you invest $400 for a chance to get back up to $250,000? How about $1,000 or $2,000? Still sound like a good deal?
Putting it another way, would you risk losing your $250,000 home in a flood because you didn’t buy a preferred or standard risk National Flood Insurance Program policy usually costing from $400-$2,000 a year? Just a few inches of water can cause thousands of dollars in damage to walls, floors, furniture, carpets and appliances.