More than four out of five Americans (81 percent) know that a standard homeowner’s insurance policy doesn’t cover flood damage, according to new research from Bankrate.com, for which they interviewed more than 1,000 U.S. adults. However, a similar majority has not acted to make up for this lack in coverage.
Past information aligns with this new research, as a 2012 poll by the Insurance Information Institute (I.I.I.) found that only 13 percent of American homeowners had a flood insurance policy.
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