Reply #16: You are right -

[lynne]

- but I imagine that the inner-city of NO has a lot of renters. I seriously doubt if they have regular tenant homeowners coverage, much less flood coverage for their contents. Same for store owners renting their space.

For those who own property that is financed, the lienholder normally requires that a renewal certificate for the flood insurance be received annually. Of course, once the property is paid for, the owner has the option of dropping the flood coverage entirely.