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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: combjelly who wrote (200845)	9/8/2004 11:45:37 AM
From: tejek	Read Replies (1) \| Respond to of 1573824

"how do you feel about bailing them out and helping them rebuild in the same place? " I've always been of the opinion that if you build in a high risk area, you shouldn't be insurable. That includes on the beach, on hillsides in Malibu and on the edge of those scenic cliffs that are eroding. Or, for that matter, in a gully or on the edge of a river. On a 5 year flood plain. At the edge of a lake when the area has been in a decade long drought, and then when normal rains return... Ok, realistically there isn't much that can be done about earthquake prone areas, or where there are sinkholes or on the coast, but high risk housing shouldn't be subsidised. In CA, insurance companies will not insure many of the sites you mentioned above. Therefore, the state has set up a special fund for those sites. However, while you do have insurance, the deductible is substantive and the coverage is bare bones. In other words, the owner has to cough up when there is major damage. I would not be surprised if something similar exists in FLA. ted