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Only a small minority of households and businesses in Vermont have flood insurance, paying between a few hundred to thousands of dollars a year to cover damage to buildings and their contents. Some policy holders who have received payouts have found it worthwhile, but increasing costs in a state with an already-high cost-of-living may leave the program out of reach for those who need it most.
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Vermonters with flood-damaged homes face tough recovery process: 'We have a lot of work ahead of us'People in hard-hit Northeast Kingdom towns like St. Johnsbury, Lyndonville and Barnet are surveying damage and figuring out how they'll carry on after last week's flooding. Some are facing permanent displacement.
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One factor is the rising cost of flood coverage, which could double for some Vermonters in the coming years.
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After the recent flooding, a state flood mitigation officer, architect and engineer discuss the factors that go into deciding whether to relocate properties or keep them where they are.
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Increased flooding from climate change is making flood insurance so expensive that some worry they'll lose their homes. A federal program can cut costs if cities invest in flood protection.
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If your house is in a flood zone, you may have noticed your flood insurance rates going up. Last week the Senate sent a bill to President Obama’s desk…
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Over 4,000 buildings in Vermont have federal flood insurance policies, and some of those policies got a LOT more expensive on October 1st. We’ll look into…