Quote:
Originally Posted by redneck
Insurance companies don’t like to make payouts. They are in business to make money. Just like banks that loan money on those properties. If things were as dire as predicted, neither would touch them with a ten foot pole.
To add to my original post.
Our leaders should lead by example.
You know, walk the walk.
Not just talk the talk...
>
. |
Just like Federal flood insurance and too big to fail
The Insurance companies generally make more money on these uninsurable properties because there is government backing involved.
Places that cannot get this backing do not have big homes built on them that fall in the ocean every couple decades.
If you watched the “liberal media” several times in the last 40 years there have been big exposé’s on this problem of rich people building in unbuildable areas because they get a government guarantee that nets them “in effect “ free rent until the home becomes ocean bound, as stated
Downright ancient problem that has never been fixed.
Law is meant to help poor fishermen relocate and instead pays for rich man’s man million dollar homes being improperly located