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re: Anyone else rethinking voluntary flood insurance?
Posted on 5/18/21 at 1:35 pm to dyslexiateechur
Posted on 5/18/21 at 1:35 pm to dyslexiateechur
shite, I rent and I have flood insurance for my belongings. Both of them.
Posted on 5/18/21 at 1:42 pm to TigerstuckinMS
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.
$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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