National News
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Senate Advances Renewal of Flood Insurance without Wind Coverage
National News • May 7, 2008
A bill to renew the National Flood Insurance Program (NFIP) passed a key test vote in the U.S. Senate Tuesday, with aides saying they expected final action on the legislation before the end of the ...
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| Subject | Posted By | Posted On |
|---|---|---|
| RE: NFIP | Gill Fin | May 8, 2008, 3:34 pm |
| NFIP | Barry Woods | May 8, 2008, 12:59 pm |
| who loses? Those of us who don't need flood or wind | Gill Fin | May 8, 2008, 12:11 pm |
| RE: RE: who loses? | Barry Woods | May 8, 2008, 10:37 am |
| RE: who loses? | ad | May 7, 2008, 4:17 pm |
| who loses? | Key West Agent | May 7, 2008, 4:06 pm |
| NFIP debt | Lotus Blossom | May 7, 2008, 2:44 pm |
| Back to article | ||
Subject: who loses? Those of us who don't need flood or wind
How about same homeowner buys his own wind policy, and leaves me out of it. When I pay for earthquake coverage, on my principal residence and my rental properties, I don't expect some dude in Florida to subsidize me. I CHOOSE TO BUY EARTHQUAKE COVERAGE, with my dollars, because I think its smart. Others think differently, and as such keep their dollars and take a chance. I am perfectly comfortable with my decision, and presumably others are comfortable with theirs. But if the government bails them out at crunch time, why and what did I pay for?