Please tell me that if the government helps these people get back on their feet that they will not allow them to rebuild in a flood zone or flood prone area.
Looks like the government needs to step up again… and your tax dollars at work will help these families.
Since flooding seems to be a very big issue all across the Nation, perhaps the flood coverage could be included in their Property Taxes, thereby reducing the cost & effect on FEMA & put the responsibility on the State to get needed funds to the population that has been affected, by having flood coverage in place on all properties.
The Flood coverage is not that expensive when you look at the potential loss.
At least the Property Owners will have coverage & it will be left up to each individual to obtain coverage for their owned contents, should they be in an area prone to flooding.
When the premiums or taxes get to high then the property owner can sell & find a more suitable location that he/she can afford.
I have discussed this with a couple of people in the affected areas. It seems that many of the communities where the flooding has occurred have opted out of the flood insurance program as they didn’t want or couldn’t afford to institute the required flood control measures mandated by the NFIP and FEMA. The homeowners and business owners were not eligible to purchase flood insurance. Now who is to blame? Not the property owner as he or she wasn’t given a choice to buy protection.
Yes, it poses a problem that will have to be addressed in the very near future.
One of the biggest problems that I have seen over the years is that people tend to buy properties in flood prone areas because they like the river or the creek or the coast…
Even though these folks did not have an option to purchase flood insurance, they made the decision to purchase the property that is subject to flooding.
I can’t say that my heart goes out to them all, but I can say I relate to their frustration of having to deal with a flood loss. But like my Uncle Ray always said… if you are gonna be stupid, you gotta be tough – or have the cash to back ya!
Hey, if the community “leaders” opt out of the program, why can’t the community collective sue them personally as well as a group for not providing for the common good. It’s the American way isn’t it??
I guess you got a point – perhaps you need to go there & let those folks know what their rights are, but I suggest you bring your own Lawyer, you are gonna be making a lotta folks mad when you start talking about a law suit.
Yes, but atleast in the mid-west if the property is financed most mortgage companies will require the flood insurance if it is in a high risk flood zone. In otherwords, the owner doesn’t have a choice but to purchase flood insurance, which by the way is not cheap.
There should be very few complaints from folks not knowing that their homeowners insurance dosen’t cover flood. Unlike, Katrina vicitms (where the insurance companies failed to make a clear distiction between wind driven rain and just plain wind or that hurricane coverage was not covered nor available).
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Please tell me that if the government helps these people get back on their feet that they will not allow them to rebuild in a flood zone or flood prone area.
Whilst I do feel sorry for them, if they haven’t bought the available flood insurance, why should they be able to fall back on our tax dollars??
Looks like the government needs to step up again… and your tax dollars at work will help these families.
Since flooding seems to be a very big issue all across the Nation, perhaps the flood coverage could be included in their Property Taxes, thereby reducing the cost & effect on FEMA & put the responsibility on the State to get needed funds to the population that has been affected, by having flood coverage in place on all properties.
The Flood coverage is not that expensive when you look at the potential loss.
At least the Property Owners will have coverage & it will be left up to each individual to obtain coverage for their owned contents, should they be in an area prone to flooding.
When the premiums or taxes get to high then the property owner can sell & find a more suitable location that he/she can afford.
Just an idea…
I have discussed this with a couple of people in the affected areas. It seems that many of the communities where the flooding has occurred have opted out of the flood insurance program as they didn’t want or couldn’t afford to institute the required flood control measures mandated by the NFIP and FEMA. The homeowners and business owners were not eligible to purchase flood insurance. Now who is to blame? Not the property owner as he or she wasn’t given a choice to buy protection.
Yes, it poses a problem that will have to be addressed in the very near future.
One of the biggest problems that I have seen over the years is that people tend to buy properties in flood prone areas because they like the river or the creek or the coast…
Even though these folks did not have an option to purchase flood insurance, they made the decision to purchase the property that is subject to flooding.
I can’t say that my heart goes out to them all, but I can say I relate to their frustration of having to deal with a flood loss. But like my Uncle Ray always said… if you are gonna be stupid, you gotta be tough – or have the cash to back ya!
Hey, if the community “leaders” opt out of the program, why can’t the community collective sue them personally as well as a group for not providing for the common good. It’s the American way isn’t it??
I guess you got a point – perhaps you need to go there & let those folks know what their rights are, but I suggest you bring your own Lawyer, you are gonna be making a lotta folks mad when you start talking about a law suit.
Good luck!
Yes, but atleast in the mid-west if the property is financed most mortgage companies will require the flood insurance if it is in a high risk flood zone. In otherwords, the owner doesn’t have a choice but to purchase flood insurance, which by the way is not cheap.
There should be very few complaints from folks not knowing that their homeowners insurance dosen’t cover flood. Unlike, Katrina vicitms (where the insurance companies failed to make a clear distiction between wind driven rain and just plain wind or that hurricane coverage was not covered nor available).