Some homeowners in high risk zones already meet requirements that make them eligible for reduced premiums, perhaps a full waiver. Today's developers building in a high risk area often construct their project at an elevation that will grant future homeowners a waiver. Individual homeowners who want to spend tens of thousands of dollars to ''lift'' their homes high enough above the high flood risk zone can also obtain a waiver. Finally, many flood related losses not covered by insurance are tax-deductible. The Insurance News Network is an insurance news and information Web site with a flood insurance information center.
Flood insurance offers line of defense against rising waters.
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