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


To: Jim McMannis who wrote (200847)9/8/2004 11:28:05 AM
From: Road Walker  Read Replies (3) | Respond to of 1573850
 
Flood insurance:

fema.gov
The NFIP is self-supporting for the average historical loss year, which means that operating expenses and flood insurance claims are not paid for by the taxpayer, but through premiums collected for flood insurance policies. The Program has borrowing authority from the U.S. Treasury for times when losses are heavy, however, these loans are paid back with interest.

re: rebuild the roads to your house Mostly state and county... but road damage is usually not a major hurricane issue (with the exception of signs).

re: Trust me, if you get wiped out in FL and have no insurance, the federal government will help you out. Either a grant or very low interest loan from FEMA.

If you don't have insurance, you don't have a mortgage. And most of the folks that live on the water can afford insurance.

The cost of FEMA disaster assistance, bringing in food, water and ice is probably picked up by the tax payer.

Yes, there is a Federal cost, but I don't think it is huge... probably less than the cost of a day in the war in Iraq.

John