"Only a small number of residences in two of Florida's hardest-hit inland counties are covered by flood insurance. The percentage of protected homes is higher in coastal areas that sustained the most damage, but still, is over 50% in just one of the affected counties, according to an analysis by Neptune Flood, a private-sector flood-insurance provider."
"The widespread lack of flood insurance will force many people to seek federal disaster assistance in the form of grants and loans. This will slow efforts to rebuild as people patch together funds. That is what happened after extensive flooding in Houston from Hurricane Harvey in 2017."
https://www.wsj.com/articles/flood-insurance-fell-in-florida-before-hurricane-ian-struck-11664591058
If you have a 500K home on the beach with no insurance, how much will you get? Seems unfair tax dollars are used to help rebuild what is probably somebody's 2nd home because they had no insurance. If the private marketplace doesn't provide insurance because of risk then why should government?
Tell me where I'm wrong, I don't know anything about this subject.
"The widespread lack of flood insurance will force many people to seek federal disaster assistance in the form of grants and loans. This will slow efforts to rebuild as people patch together funds. That is what happened after extensive flooding in Houston from Hurricane Harvey in 2017."
https://www.wsj.com/articles/flood-insurance-fell-in-florida-before-hurricane-ian-struck-11664591058
If you have a 500K home on the beach with no insurance, how much will you get? Seems unfair tax dollars are used to help rebuild what is probably somebody's 2nd home because they had no insurance. If the private marketplace doesn't provide insurance because of risk then why should government?
Tell me where I'm wrong, I don't know anything about this subject.