If you keep rates low and affordable and get more people to buy into NFIP you can accomplish the same end. Those not required to have flood insurance will think hard about purchasing another high priced policy – those are the ones we want to add to the NFIP pool. Low rates + more participants = long term solution
Make me understand if the National Flood insurance program will be held accountable for the thousands of dollars that they took in and can’t account for where it was spent…………..
Ms. Options is right on. You are absolutely correct, spread the premium/spread the risk. Everyone should buy Natl Flood at inexpensive rates-period/case closed.
Same holds true for Earthquake.
The long-term solution is to raise premiums substantially. Not popular, but necessary if rates are to be sound.
If you keep rates low and affordable and get more people to buy into NFIP you can accomplish the same end. Those not required to have flood insurance will think hard about purchasing another high priced policy – those are the ones we want to add to the NFIP pool. Low rates + more participants = long term solution
Make me understand if the National Flood insurance program will be held accountable for the thousands of dollars that they took in and can’t account for where it was spent…………..
Could you expound on the statement;”held accountable for the thousands of dollars that they took in and can’t account for where it was spent…………..”
Here’s a solution no one has though of…Grab your torch and pitchfork!
Ms. Options is right on. You are absolutely correct, spread the premium/spread the risk. Everyone should buy Natl Flood at inexpensive rates-period/case closed.
Same holds true for Earthquake.