Why are we – the taxpayers – buying out these homes? These people CHOSE to live where they did. If they had bought flood insurance, they would have had flood coverage. If they chose not to, why are we – the taxpayers – now footing the bill. Will someone help me pay for MY homeowners insurance bill? FEMA and the Federal Flood program should limit payouts to “one-time” per property site. After that, should the homeowner decide to remain, they the Feds – we the taxpayers – should not again be involved.
Get your facts straight. When I bought my home, it wasn;t in a flood zone. It now is. Areas are now flooding that never did before due to over development and climate change. Secondly, All flood insurance is run through the government. They barely pay out anything even if you had proper coverage. Flood insurance will pay half of your damage, if you are lucky. It is all paid for out of taxpayer dollars. Instead of paying the claims over and over and over, they decided it would be cheaper to buy out the homes using money included in the Sandy Aid package, and make that land open space for parks, or leave it open to the flood plains and give it back to nature. You can’t expect people to just walk away form their homes after the second flood and have nothing left and be on the streets.
Why are we – the taxpayers – buying out these homes? These people CHOSE to live where they did. If they had bought flood insurance, they would have had flood coverage. If they chose not to, why are we – the taxpayers – now footing the bill. Will someone help me pay for MY homeowners insurance bill? FEMA and the Federal Flood program should limit payouts to “one-time” per property site. After that, should the homeowner decide to remain, they the Feds – we the taxpayers – should not again be involved.
Get your facts straight. When I bought my home, it wasn;t in a flood zone. It now is. Areas are now flooding that never did before due to over development and climate change. Secondly, All flood insurance is run through the government. They barely pay out anything even if you had proper coverage. Flood insurance will pay half of your damage, if you are lucky. It is all paid for out of taxpayer dollars. Instead of paying the claims over and over and over, they decided it would be cheaper to buy out the homes using money included in the Sandy Aid package, and make that land open space for parks, or leave it open to the flood plains and give it back to nature. You can’t expect people to just walk away form their homes after the second flood and have nothing left and be on the streets.