Bizness in New Orleans
When I lived in Huntington Beach, CA I was required by the city to buy flood insurance as it was in a "flood plain." As I recall I paid about $450 per year to the feds to be covered. I use the term covered very loosely as it was bare basic insurance. It covered only the structural integrity of the house and not a bit more. For example, it covered the wood framing, roof and the flooring but NOT the drywall, wiring, floor covering, or any of the fixtures within the house. This insurance was NOT paid for by anyone other than me. There was no subsidy. And, there was no alternative than the U.S. government. Currently I don't have flood insurance as my home is approximately 1,000 feet above sea level and in a foothills area. But, at my own expense, I buy earthquake insurance. Should my house be leveled in an earthquake I'll be covered, less the 15% deductible. I do not expect the rest of the country to pay for my repairs after an earthquake. A low interest loan might be appreciated but that's all. chuck Opinions expressed are not necessarily those of my employer. "ctibodoe" wrote in message news:6b327547.29@WebX.WawyahGHajS... > You are correct, flood insurance is a government thing that me, you, and > osbornew have paid for, are paying for, and will continue to pay for, > because doing bidness and having populations that support that bidness > will continue to be located near water. I had excluded myself from the > insurance calculation because I have never had any flood damage or claims, > but have paid flood insurance as long as I can remember. But, even so, I > am in proud receipt of many government endeavors, starting with not the > least...national defense. So, yes for me or anyone else to say the > government doesn't provide anything for me with some else's tax dollars is > an over simplification that just doesn't hold 'water'. > > Same with my tax dollars, if it goes to something worthwhile that is in > the long run good for all or us, then I'm for it.
When I lived in Huntington Beach, CA I was required by the city to buy flood insurance as it was in a "flood plain." As I recall I paid about $450 per year to the feds to be covered. I use the term covered very loosely as it was bare basic insurance. It covered only the structural integrity of the house and not a bit more. For example, it covered the wood framing, roof and the flooring but NOT the drywall, wiring, floor covering, or any of the fixtures within the house. This insurance was NOT paid for by anyone other than me. There was no subsidy. And, there was no alternative than the U.S. government. Currently I don't have flood insurance as my home is approximately 1,000 feet above sea level and in a foothills area. But, at my own expense, I buy earthquake insurance. Should my house be leveled in an earthquake I'll be covered, less the 15% deductible. I do not expect the rest of the country to pay for my repairs after an earthquake. A low interest loan might be appreciated but that's all. chuck Opinions expressed are not necessarily those of my employer. "ctibodoe"
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