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re: The changes being proposed for flood insurance would be a big hit for the gulf coast
Posted on 6/16/22 at 12:22 pm to deeprig9
Posted on 6/16/22 at 12:22 pm to deeprig9
quote:
The part about having 4 or more paid losses makes sense. If you've flooded 4 times, time to move your home or business. Or pay for your own flood damage going forward instead of letting everyone else pay for it.
Except when you are required to have it. IF you have a mortgage that requires flood insurance and you can't buy insurance what will happen? Will the bank take the property back? what will they do with it?
Posted on 6/16/22 at 12:31 pm to crap4brain
quote:
Except when you are required to have it. IF you have a mortgage that requires flood insurance and you can't buy insurance what will happen? Will the bank take the property back? what will they do with it?
Sucks for the owner and the bank. Flooded four times and still haven't moved, you can only play a half of a victim card in my opinion.
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