On Tue, Jan 29, 2013 at 1:55 PM, Brian Toscano <brian.tosc...@gmail.com>wrote:
> The federal government should not be in the business of flood insurance. > If State Farm, etc wants to offer flood insurance they can be my guest. > A little late for that, they already do - sure it's subsidized in many places but the end-user still pays. You can't change a policy after the fact. Interestingly, I live nowhere near a flood zone, and my house is on the top of the hill. We are 30 minutes from the nearest lake, 4 hours from the coast. The city does participate in the national flood insurance program (there is some cost associated with that so I was a little surprised). I looked into flood insurance after the Katrina "wind+rain=flood damage" nonsense from State Farm started to get publicized. It would have more than doubled my annual premium for just that one rider. IMO I am much more likely to suffer catastrophic wind+tree, or fire, or hail, or earthquake, or drunk driver, or ... damage than I am to get flooded, but the costs did not match that assessment. Based on the news reporters' claims I was surprised how expensive it actually was, even for my low-risk area. Best, Tim _______________________________________ http://www.okiebenz.com For new and used parts go to www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com
