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Message
re: Insurance Rates...as a result of Harvey and Irma Discussion
Posted on 9/15/17 at 1:03 pm to NASA_ISS_Tiger
Posted on 9/15/17 at 1:03 pm to NASA_ISS_Tiger
quote:
As someone who has a mother in La who has flood insurance..that's a racket. Her flood insurance has skyrocketed in the last years. Like almost doubled since Rita (I don't have the exact numbers...but it's bad).
As bad as it has increased, if Flood insurance was a private insurance company it would be 2-3 times more then it is now. Through FEMA's flood insurance policy we are supplementing true insurance costs. they pay out more then they take in...
edit:
and for this reason and since more and more greater then 100 year flood events, they will start mandating everyone in 500 year flood zones get insurance....
This post was edited on 9/15/17 at 1:05 pm
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