Re:2022 Sea Level Rise Technical Report
by missedthecue on Thursday February 17, 2022 @05:13PM
(#30379381)
If an insurance company is guaranteed to have an $800,000 claim filed on their policy within the next 12 months because your house is already flooded, they won't sell you the policy.
[ Parent
| on HN ]
Re:2022 Sea Level Rise Technical Report
by landemva on Thursday February 17, 2022 @06:41PM
(#30380287)
That would work in an economic free market. Instead, the Feds force everyone else to subsidize flood insurance.
https://www.floodsmart.gov/
Re:2022 Sea Level Rise Technical Report
by missedthecue on Friday February 18, 2022 @12:18AM
(#30382396)
Go get an insurance policy on a house that is currently underwater and tell me who gives you a quote. I'll send you $1000 if you do this.