If only you could be a little more like your Namesake Thomas Paine and invoke some “Common Sense”.
Flood insurance currently is not available in the public marketplace… yes, guess who took that away too.
If the Federal Gov’t is going to take over a program,it cannot just leave it hanging. w/o offering millions of individuals all over the country in flood plains that they are not even aware of, some sort of recourse to take care of themselves… Yes take care of themselves. Many would if they could. So you want to give this same Gov’t the power to administer everyone’s healthcare? REALLY? What happens when they need to go on a Spring break a few years from now and leave a nation hanging w/o healthcare. Very sensible.
As a resident of Missouri who was damaged severely in 1993 by flooding I take exception to the wording of “choose” to live in a flood zone. Most of the people flooded in 1993 did not live in a flood zone. Many had property ruined that have been in their family for 100+ years, especially Southern Illinois. With development and buildings being built in areas where they should not, the flow of rivers have been changed and water diverted will go somewhere else.
EVERYONE is in a flood zone. The question is whether it is low, medium, or high risk. But you ARE in a flood zone. Sorry to be technical but people saying they don’t live is a flood zone irritates me.
Sounds like a reasonable idea. The problem, as I understand it, is that there is not enough money coming in to cover the losses, and no company wants to write it on a stand alone basis because they will not make enough to cover the losses. It’s not viable.
What if we make it like auto insurance? You need insurance to drive your car, so why not Flood insurance in order to own a building? Make it a flat rate per thousand with a minimum percentage of your building required to be insured, say a small percentage like 5%. If you don’t want to pay for coverage then only pay the minimum; if you want full coverage, then pay for it. Get everyone to chip in so that there is some substance to the program. This can be government run or instituted by insurance companies.
Why not make it entirely a free market operation? Let the mortgage holders decide if the home owner needs flood insurance. For those who live in ultra low risk areas, it would cost pennies per year. For someone who lives on the banks of the Red River, the premiums might be hundreds or thousands per year. Er, isn’t that how insurance is supposed to work?
Obviously there are only a couple people like Astounded and You and me astounded who have a CLUE of what they’re talking about when it comes to flood insurance. If the rest of you are going to comment on zones and premium fitting zones get educated first before you compare earthquake and endorsements on homeowners for flood coverage. Check out A zones and V zones and then look at Z,C and X zones. Otherwise, put a lid on it and find out what zones YOU’RE in.
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If only you could be a little more like your Namesake Thomas Paine and invoke some “Common Sense”.
Flood insurance currently is not available in the public marketplace… yes, guess who took that away too.
If the Federal Gov’t is going to take over a program,it cannot just leave it hanging. w/o offering millions of individuals all over the country in flood plains that they are not even aware of, some sort of recourse to take care of themselves… Yes take care of themselves. Many would if they could. So you want to give this same Gov’t the power to administer everyone’s healthcare? REALLY? What happens when they need to go on a Spring break a few years from now and leave a nation hanging w/o healthcare. Very sensible.
As a resident of Missouri who was damaged severely in 1993 by flooding I take exception to the wording of “choose” to live in a flood zone. Most of the people flooded in 1993 did not live in a flood zone. Many had property ruined that have been in their family for 100+ years, especially Southern Illinois. With development and buildings being built in areas where they should not, the flow of rivers have been changed and water diverted will go somewhere else.
EVERYONE is in a flood zone. The question is whether it is low, medium, or high risk. But you ARE in a flood zone. Sorry to be technical but people saying they don’t live is a flood zone irritates me.
Sounds like a reasonable idea. The problem, as I understand it, is that there is not enough money coming in to cover the losses, and no company wants to write it on a stand alone basis because they will not make enough to cover the losses. It’s not viable.
What if we make it like auto insurance? You need insurance to drive your car, so why not Flood insurance in order to own a building? Make it a flat rate per thousand with a minimum percentage of your building required to be insured, say a small percentage like 5%. If you don’t want to pay for coverage then only pay the minimum; if you want full coverage, then pay for it. Get everyone to chip in so that there is some substance to the program. This can be government run or instituted by insurance companies.
You are correct & if more attention was paid to educating people about what kind of flood zone they were in, it would be a lot easier.
There is a thought. Maybe make a high risk pool for flood like they have for auto. and to address CA Agent, well, Cali is bankrupt, thats why.
Why not make it entirely a free market operation? Let the mortgage holders decide if the home owner needs flood insurance. For those who live in ultra low risk areas, it would cost pennies per year. For someone who lives on the banks of the Red River, the premiums might be hundreds or thousands per year. Er, isn’t that how insurance is supposed to work?
Why not do the insurance like Earthquake insurance? That makes the most sense.
Costa Rica
Obviously there are only a couple people like Astounded and You and me astounded who have a CLUE of what they’re talking about when it comes to flood insurance. If the rest of you are going to comment on zones and premium fitting zones get educated first before you compare earthquake and endorsements on homeowners for flood coverage. Check out A zones and V zones and then look at Z,C and X zones. Otherwise, put a lid on it and find out what zones YOU’RE in.