A sobering statistic for the start of hurricane season: More than 90% of households in low-income neighborhoods are underinsured for floods, and their uninsured losses often exceed 20% of their annual income.
https://theconversation.com/hurricane-season-is-here-federal-flood-insurance-carries-2-moral-hazards-which-you-face-depends-largely-on-how-wealthy-you-are-272345