Katrina fall-out

Ash Wyllie wrote:

while (Federal Flood Insurance)
{
Step One: Build house on beach
Step Two: Watch house swallowed by sea.
Step Three: Rebuild?
}

Are you aware that the payouts of that program are paid for by the premiums
(just as with my private insurance policy)?

Are you aware that the Feds force homeowners to build to flood-resistant
standards in order to qualify?

Are you aware that the Federal Flood Insurance program has significantly
*reduced* the cost of disaster relief (which *is* paid for via taxes)?

http://usgovinfo.about.com/cs/consum...dinsurance.htm

George Patterson
Give a person a fish and you feed him for a day; teach a person to
use the Internet and he won't bother you for weeks.

George Patterson opined

Ash Wyllie wrote:

while (Federal Flood Insurance)
{
Step One: Build house on beach
Step Two: Watch house swallowed by sea.
Step Three: Rebuild?
}

Are you aware that the payouts of that program are paid for by the premiums
(just as with my private insurance policy)?

If premiums cover costs, why can't one get _private_ flood insurance?

Are you aware that the Feds force homeowners to build to flood-resistant
standards in order to qualify?

That's nice, but it would be better not to build in flood prone areas in the
first place.

Are you aware that the Federal Flood Insurance program has significantly
*reduced* the cost of disaster relief (which *is* paid for via taxes)?

See above.

-ash
Cthulhu in 2005!
Why wait for nature?

Ash Wyllie wrote:

If premiums cover costs, why can't one get _private_ flood insurance?

You can, but the private companies don't give discounts for meeting Federal
construction standards.

That's nice, but it would be better not to build in flood prone areas in the
first place.

Well, people have been doing that for millenia for excellent reasons. They
aren't going to stop.

George Patterson
Give a person a fish and you feed him for a day; teach a person to
use the Internet and he won't bother you for weeks.

If premiums cover costs, why can't one get _private_ flood insurance?

You can, but the private companies don't give discounts for meeting
Federal construction standards.

There are no private insurance companies that issued flood insurance in N.O.

At least, that's what my biz insurance guy told me.
--
Jay Honeck
Iowa City, IA
Pathfinder N56993
www.AlexisParkInn.com
"Your Aviation Destination"

George Patterson opined

Ash Wyllie wrote:

If premiums cover costs, why can't one get _private_ flood insurance?

You can, but the private companies don't give discounts for meeting Federal
construction standards.

That's nice, but it would be better not to build in flood prone areas in
the first place.

Well, people have been doing that for millenia for excellent reasons. They
aren't going to stop.

Fine, but not on my dime.


-ash
Cthulhu in 2005!
Why wait for nature?

Ash Wyllie wrote:

Fine, but not on my dime.

It's not on your dime.

George Patterson
Give a person a fish and you feed him for a day; teach a person to
use the Internet and he won't bother you for weeks.