Posted by oldtanker on October 30, 2012 at 20:20:06 from (66.228.255.239):
In Reply to: To be Expected. posted by Bendee on October 30, 2012 at 17:18:22:
Quoting Removed, click Modern View to see
Like someone else said flood insurance is underwritten by the federal government. That's because most insurance companies know that people are going to build in flood plains for various reasons to include the "view". They also know that if you build in a flood plain that there is a 100% chance you are going to have a claim. That being the case the insurance companies would have to really nail folks for that insurance so they just don't cover it. OPS, guess they shouldn't have built on a flood plain.
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