Floods expose homeowners to big insurance risk
David Spicer gutted his one-story home after a nearby creek flooded last weekend.
He and some friends ripped out soggy insulation and removed the ruined furnace. He even carved away a couple feet of flood-damaged drywall to fight mold.
Now, he must figure out how he’ll pay to replace everything. Spicer, like most of his neighbors, has no flood insurance.
“We’re kind of hoping that the government and FEMA will do something,” he said. “It’s pretty devastating.”