NOLA - 2 years later

[Kevin]

Originally Posted by Sugar08

Flood insurance is currently (and was pre-Katrina) required in certain zones in New Orleans. However, due to the federal government's (underestimated and incorrect) insurance maps of areas of potential flooding, people who lived outside of these zones didn't bother buying policies.

It's reasonable to rely on government reports when purchasing insurance. If the government were a private entity, they'd be liable. I have no trouble with the government paying to help these folks out. As to the rest? Nope.

Landslides aren't covered by homeowner's insurance.

Didn't know that. I've never had to build my home on a cliff (not too many around here). I imagine the government out there is fine with doing these things as these rich folks probably generate a lot of tax money as well as jobs and other economic growth for the area. Liberals always use the fact that the rich enjoy more benefits from the federal government as a means of justifying "progressive" tax systems. I guess you can always use this as an example to point to.

BTW: Oklahoma received federal assistance in 2003 due to tornadoes.

We also did in 1999. We have had tornadoes every single year though -- damage each year as well. If my house is the only one in my neighborhood to get leveled, I'm out of luck when it comes to FEMA.