Now that the floods are beginning to recede in at least some parts of the country, experts are beginning to tally up the cost of damages, already estimated at over 2 billion dollars. The big question on everyone's mind now is whether victims in the flooded regions were properly covered before the disaster. Although the country's insurance companies have been overwhelmed by a large number of claims, the answer is no. Many of those whose property has been damaged by the unexpected floods, viewed flood insurance as an unnecessary waste of money. The