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48zip

Joined: 10/07/1999 Posts: 81140
Likes: 10477


Several private companies write flood insurance. Fed insurance is their


in case someone with a Fed loan (Fannie or Freddie) is at risk. They want to protect their interest. Catastrophes are typically localized.and few insurers can survive that kind of hit. So, the Fed program spreads the risk around the country A hurricane in FL a few years ago put a few insurance companies our of business due to the concentration of the damage.

(In response to this post by ElbertoHokie)

Posted: 11/02/2018 at 10:33AM



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Current Thread:
  Terribly written question. But, um, no? ** -- Hokie Bird 94 11/02/2018 08:19AM
  Uhhh...no. -- BleedinOandM 11/02/2018 08:18AM
  Yes, it should be available, but for more money. I pay that -- OakIslandNCHokie 11/01/2018 6:36PM
  Insurance is for chumps. ** -- Coach McGuirk 11/01/2018 5:53PM
  ^^ Ned Flanders ** -- typed by ben 11/02/2018 09:19AM
  Iowa has significant flooding right now -- Vienna_Hokie 11/01/2018 5:47PM
  Iowa floods ** -- fordham 11/01/2018 5:42PM
  We can’t live anywhere! ** -- Stork 11/01/2018 5:44PM
  And gets flattened by tornadoes in the spring! ** -- fordham 11/02/2018 10:55AM
  We're. All. Going. To. Die!!! ** -- reestuart 11/01/2018 6:16PM
  There's.Insurance.For.That.Also ** -- TomTurkey 11/01/2018 7:01PM
  I heard the rates are rising. ** -- Guy LeDouche 11/01/2018 5:02PM
  🎶How high's the water, Mama? ** -- TomTurkey 11/01/2018 7:04PM
  Five feet high and risin' ** -- radhokie1 11/01/2018 7:31PM
  Because private insurance stopped covering it -- Beerman 11/01/2018 5:24PM
  Because the program was originally put in place for ag -- Vienna_Hokie 11/01/2018 5:08PM

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