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Flood policy essential for rising water.

Publication: The Miami Herald (Miami, Florida) (via Knight-Ridder/Tribune Business News)

Publication Date: 27-AUG-05
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COPYRIGHT 2005 The Miami Herald

Byline: Beatrice E. Garcia And Matthew H

Aug. 27--Many homeowners in Miami-Dade and Broward counties could be in for a painful surprise: Unless they bought flood insurance for their homes, they might not be covered for the damage from Katrina, the most extensive hit to South Florida since Hurricane Andrew swept through 13 years ago.

Unlike Hurricane Andrew's punch -- fierce winds that toppled pretty much anything in its path -- Katrina's wallop was water, dropping more than 14 inches of rain in some areas of Miami-Dade County.

While the devastation was far less extensive than Andrew's, the soaking and the damage from Katrina may have caused between $600 million and $2 billion of insured losses, based on early...

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