wrote in message
oups.com...

*JimH* wrote:
Folks who want to live in hurricane hot spots understand the exposures.
If
rebuilding is done in hurricane prone areas let the owners be self
insured
and limit government funding to only search and rescue.

A cold viewpoint? Yep. But I am tired of paying for the damage done by
hurricanes along coastal areas, both in my taxes and my insurance
premiums.




Early reports indicate that many insurance companies are denying
coverage across the board to anybody who has a house underwater and who
does not specifically have flood insurance. Even though most policies
would cover "wind damage" associated with a major storm, the adjusters
are so far telling people that the flood was a different hazard and
they aren't covered.

So, in effect, a lot of the victims of this thing will turn out to be
self insured (financially ruined) in the end. No tax dollars and no
insurance company losses involved, in many cases.



Not true, tax dollars are used in most every flood and hurricane I know
about. Insurance dollars may or may not be involved for the house, but they
are involved in looting (theft of property) and auto/truck losses from the
storms or water.

Many insurance companies are not providing flood insurance for
homes/buildings, or provide it at an additional premium, built in flood
plains.

How many times have we funded the rebuilding of the houses on the Outer
Banks while the owners get to enjoy the house and income from it's rental?
They know the risk. Yet we bail them out when the house is totaled from a
hurricane and they rebuild once again.

Let these folks take on 100% of the risk. I am tired of bailing them out.