There is a way to help subsidize flood rates. The Federal government could require every home owners policy cover flood. Like stated, flood can happen anywhere. So why should some home owners get away without buying flood insurance because they live away from the coast, but as soon as a flood hits them, the government bails them out? If everyone had the coverage, and every carrier had to supply it, rates would go up, but the people in low flood zone areas would pay little, but still something to go into the fund. Even here in Phoenix, AZ we can have flooding but most of us are not in a flood zone and most of us will never be affected. However, even if all three million of us, well lets say 1,000,000 homes, pay $50 more a year, that’s $50,000,000 from one city. Of course people in high flood zones would still have to pay more, but maybe not $12,000 more, but maybe only $5,000 a year. Sounds to me like a win win. I wouldn’t have a problem paying an extra $50 a year, plus I’ll have the peace of mind of having flood insurance incase CAL floats away. LOL
There is a way to help subsidize flood rates. The Federal government could require every home owners policy cover flood. Like stated, flood can happen anywhere. So why should some home owners get away without buying flood insurance because they live away from the coast, but as soon as a flood hits them, the government bails them out? If everyone had the coverage, and every carrier had to supply it, rates would go up, but the people in low flood zone areas would pay little, but still something to go into the fund. Even here in Phoenix, AZ we can have flooding but most of us are not in a flood zone and most of us will never be affected. However, even if all three million of us, well lets say 1,000,000 homes, pay $50 more a year, that’s $50,000,000 from one city. Of course people in high flood zones would still have to pay more, but maybe not $12,000 more, but maybe only $5,000 a year. Sounds to me like a win win. I wouldn’t have a problem paying an extra $50 a year, plus I’ll have the peace of mind of having flood insurance incase CAL floats away. LOL
You’re obviously a Kenyan Socialist Muslim.