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re: Anyone else rethinking voluntary flood insurance?

Posted on 5/18/21 at 1:35 pm to
Posted by TigerstuckinMS
Member since Nov 2005
33687 posts
Posted on 5/18/21 at 1:35 pm to
shite, I rent and I have flood insurance for my belongings. Both of them.
Posted by Chad504boy
4 posts
Member since Feb 2005
167009 posts
Posted on 5/18/21 at 1:42 pm to
Let's take a time span of 25 years.

$550 a year at 25 years is less than $14k.

How quickly can one accumulate 14k of flood damage with a half inch of water in the house?

Besides peace of mind.

Besides its a tax write off every year.

It just makes financial sense to buy the policy.

And those that don't buy the policy cause lender is not requiring it and you take the convenient excuse of being ignorant, that shite doesn't fly any more these days. Everyone is aware of flood insurance and if they have it or not.
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