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by Glenn Blaylock on April 11th, 2009
Personally, I find that a bit hard to believe. Flood insurance only makes sense if you live someplace that is subject to flooding. There are many, many places where this really isn't a danger. So, it would be quite unfair to require the people living in such places to buy the insurance.
by Bakebyday still baking.. on April 11th, 2009
Well I live in the desert. They will have a hard time enforcing that one. It rains maybe twice a year.
by Someguy on April 11th, 2009
The government offers very cheap flood insurance if you live in a high risk flood zone. I could see them making it mandatory in those zones, but not everywhere.
by Jane on April 11th, 2009
i doubt everyone. I live in a very dry area. it doesn't rain or get very cold often.
by Ironhead on April 11th, 2009
Not for everyone....I do though because I do live in a flood zone and it darn near got me last year.
by DA BEN DAN yanggui zi on April 11th, 2009
I would tend to doubt its veracity. There are many places in the US which flooding doesn't occur. That is sort of like having tornado insurance in Seattle...
by Corgingus on April 11th, 2009
Only those that live in a flood zone.
by j ninja... on April 11th, 2009
Right now my back yard looks like I need some. :(
by -Ben 10- on April 11th, 2009
Not everyone but it's good for those who live in flood prone zones..
by Anonymous on April 11th, 2009
Unlikely. My apartment is several feet above the river and I am likely to move soon into a aparment on the second level of a building on a hillside. If floodwaters reach up there then most of the two would be well submerged.
by wing.walker on April 11th, 2009
No. Incorrect.
by gtravels loves her life penguin on April 11th, 2009
The people living on the 15th floor of the apartment building down the block would be pretty peeved to hear that;)
by schmee2369 on April 11th, 2009
I dont understand why people HAVETA have flood insurance....its their house, if they wanna loose it...then fine....dont make them pay for something every month (or however)...if they dont want to....they have a choice.
by nutmegcollector on April 11th, 2009
I doubt it. Why do it need flood insurance if I live on top of the mountain?
by Merriment on November 30th, 2009
It is already required in most states to have flood insurance if you reside in a flood zone and are seeking financing. Especially Federal financing programs like Fannie Mae and Freddie Mac.
And the flood zones were being widened.
This was as a result of flood insurance being voluntary and many people choosing not to have coverage and losing all and the banks losing their equity.
by philosopher-saint on November 30th, 2009
Boy! If it is I betcha the hilltop folks'll be pissed!
;-)
by Henderson on April 11th, 2009
no problem, I already having it.
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Where can I find insurance for a house with a sagging roof?
by rholt13 on October 28th, 2009
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Comments
That's what I thought, but like I said it's only a rumor. I have yet to read anything solid on it.
by Sodahead on April 11th, 2009