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Technology Stocks : Intel Corporation (INTC)

INTC 48.72

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To: Road Walker who wrote (171303)	9/27/2002 5:55:30 PM
From: BelowTheCrowd	Read Replies (2) of 186894

> The new agent said that homeowners insurance for coastal counties in Florida may end up being a government program, that every insurance company is lowering their risk profile. < More than likely, it'll become like the California situation as regards earthquakes. Homeowners insurance here just won't cover it and state-sanctioned earthquake coverage is designed mostly to protect the mortgage owner, rather than the homeowner. If you choose to live in this area, you do so with the knowledge that if your house gets destroyed in an Earthquake your recovery options are limited. I've never understood why people feel the government should provide insurance to cover them for otherwise uninsurable risks related to their own choices. It's true whether you're talking about earthquakes, floods, hurricanes, tornados or any other known natural risks for the area you live in, most of which cannot be easily predicted. mg

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