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After heavy rains caused the breach of two dams in mid-Michigan last month, thousands of residents around the overflowing Tittabawassee River and adjoining lakes saw their homes and communities inundated, and destroyed, by floodwaters.
Now, news reports say, many face rebuilding with little financial help. Their homeowners insurance won’t pay for most of the flood damage; that’s what flood insurance is for. But because the Michigan homeowners weren’t living in an area known to be flood-prone, most didn’t have that coverage.
If you don’t have flood insurance and you’re hit by a flood, the damage can be costly, says Lizzie Litzow, a spokesperson for the Federal Emergency Management Agency (FEMA). “Flooding is the most common and costly natural disaster and can happen anywhere,” Litzow says. “Just 1 inch of water can cause up to $25,000 in damage to