ST Alpha - "report: 1/6 of claims for federal flood insurance come from people who have made claims previously. + why do we have federal flood insurance...." (Reading a Post)

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report: 1/6 of claims for federal flood insurance come from people who have made claims previously. + why do we have federal flood insurance....

Posted by x (aka dmuck) Sep 2 '11, 05:01

for people who live in flood plains? because insurance companies were smart enough to refuse to give flood insurance to people who build houses in flood plains because the funny thing about flood plains is that on a regular basis.....they flood. hence the name, "flood plain".

Responses:

Several years ago I saw a news story about a couple without fed flood insurance. They were watching the water rise and putting out sandbags. They also - Trish Sep 2, 05:12 1
- wow I had never heard of that ... I know for a long time it's been suggested that Flood be incorporated into everyones home insurance policies - so - JenBro Sep 2, 05:57
only 1/6 stupid?...not bad! -- nm - Danedukenuuk Sep 2, 05:07 1
- if throwing money away is the goal, sure.....nm - x Sep 2, 05:10

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report: 1/6 of claims for federal flood insurance come from people who have made claims previously. + why do we have federal flood insurance....

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