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re: La Flood Recovery Funds - RESTORE

Posted on 4/3/17 at 2:42 pm to
Posted by Tiger Prawn
Member since Dec 2016
22641 posts
Posted on 4/3/17 at 2:42 pm to
I'm all in favor of low interest federal disaster assistance loans to help people who didn't have flood insurance or had losses that weren't covered because they underinsured or left off contents coverage.
I'm just against the grants that don't have to be paid back. Feds give out all this grant money to people who don't buy flood insurance, but then seems like every April 1, they're looking to raise flood insurance rates on everyone who's paying into the system.
Posted by ell_13
Member since Apr 2013
85530 posts
Posted on 4/3/17 at 2:45 pm to
quote:

I'm just against the grants that don't have to be paid back. Feds give out all this grant money to people who don't buy flood insurance
With the stipulation that you must have insurance going forward or you get no assistance ever again.
quote:

they're looking to raise flood insurance rates on everyone who's paying into the system.
Those rates do not subsidize those without insurance. That's not how it works.
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