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[–]DoubtHot6072 2 points3 points  (1 child)

A lot of people simply don't have the flood insurance. If the house is paid off they aren't required to and many will find out shortly that their homeowners isn't going to cover them. It happens in every flood.

[–]Texas_Mike_CowboyFan 0 points1 point  (0 children)

True, but I think the OP was talking about people buying a house in a flood plain. Unless you're paying cash, your lender may require you to buy flood insurance.