Flood program to run dry without congressional action: FEMA

[AtheistCrusader]

9. 340$ a year for me.

Not in an official flood plane, but I judge my property to be within 500 year flood elevation, so I'm damn sure going to take the insurance.


Flood insurance was transferred to the Government some time back, because it is unworkable as a market, with people getting assistance through 'disaster zone' federal aid (which isn't the free ride it is made out to be in the press) periodically. As long as you have that relief valve, people opt out of the insurance, and the market cannot function. So it was nationalized.

Federal flood aid should have been restricted to, probably some income metric, so it could aid people who NEED it, and not people who could have afforded insurance, but declined to purchase it. I would be unsurprised to discover a link between the people who could afford the insurance, but didn't buy it, and people who develop land in the riskiest locations, with the most expensive home values to insure.