Msg. 08004 of 62138 (This msg. is a reply to
08002 by
ribit)
Jump:
Ribs
quite agree. When there are literally millions of properties all along aras that are prone to flooding, why would anyone be insuring them? They are never going to make a dollar, and the premiums most people will not be able to afford.
- - - - - The above is a reply to the following message:
Re: Only 9 Percent Of Households In South Carolina And Only 3 Percent Of Households In North Carolina Have Flood Insurance
By: ribit in
POPE 5 Mon, 17 Sep 18 12:27 AM
...if I was an insurance company or the gubmint and somehow I got myself in the business of replacing property that has been destroyed in floods over and over again I would not be insuring or rebuilding them in the same place. I would also not insure houses built across railroad tracks for the same reason.
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