Coastal rebuilding

[Русский агент]

I think he a a four cylinder engine in his barnacle boat. So therefore he's a "maritime engineer".

Is he a sailor boi?

I know he's plenty salty.

[SmarterthanYou]

So? If they buy it, it's there's. Not at all a valid comparison for FedCo ownership of western lands.

then i'll chalk it up to my enormous anti fed sentiment.......and my anti-lib sentiment.

[Rune]

I don't live on the coast for several reasons, one of which is the likelihood of getting personal and real property wiped out by ocean storms. And frankly, I'm rather tired of having my tax dollars used to rebuild overpriced ocean-front property that I choose not to own, again and again.

At the least, I think if FedCo writes checks for destroyed property, then it should own the property and let it revert back to nature, and become a buffer for properties that are better sited.

Right....because towns don't need the revenue from highly valued oceanfront dwellings. You really thought that out.

[Rune]

you're also giving them one HUGE thing that they do want....more federally owned property that they got to take away from Americans, imo.

Conservatard solution, grow government and it's holdings.

[MAGA MAN]

Right....because towns don't need the revenue from highly valued oceanfront dwellings. You really thought that out.

Then those environment hating towns should insure the properties, not FedCo.

[Rune]

Then those environment hating towns should insure the properties, not FedCo.

Here on Glorious Cape Cod, homeowners carry insurance
Can't speak for the denizens of your region.

[MAGA MAN]

Here on Glorious Cape Cod, homeowners carry insurance
Can't speak for the denizens of your region.

You mean they suck off of FedCo teat with the National Flood Insurance Program. https://www.cato.org/publications/po...xoC2EQQAvD_BwE

[Life is Golden]

And frankly, I'm rather tired of having my tax dollars used to rebuild overpriced ocean-front property that I choose not to own, again and again.

Doesn't homeowners insurance cover it? Most people with ocean-front property can usually afford it.

[Cypress]

I don't live on the coast for several reasons, one of which is the likelihood of getting personal and real property wiped out by ocean storms. And frankly, I'm rather tired of having my tax dollars used to rebuild overpriced ocean-front property that I choose not to own, again and again.

At the least, I think if FedCo writes checks for destroyed property, then it should own the property and let it revert back to nature, and become a buffer for properties that are better sited.

Actually, not a terrible idea.

Rich people need to get used to the idea that they are not entitled to build McMansions on the beach.

[MAGA MAN]

Doesn't homeowners insurance cover it? Most people with ocean-front property can usually afford it.

Homeowners insurance does not cover flooding. Flood insurance is a federal program that is losing money every year, so you and I are subsidizing the rich. Rune likes this.

[Sailor]

Homeowners insurance does not cover flooding. Flood insurance is a federal program that is losing money every year, so you and I are subsidizing the rich. Rune likes this.

It is not just the wealthy that live in flood plains or zones.

[Русский агент]

Doesn't homeowners insurance cover it? Most people with ocean-front property can usually afford it.

Read, and learn:

Many homeowners learn the hard way (or the wet way) that their homeowners' insurance doesn't cover property damage caused by hurricanes and floods. If you live in a potentially affected area -- which could include everything from a home on the coast near a fragile levee that sees frequent floods to one downhill from a stream that hasn't flooded in years -- you probably should buy a separate flood insurance policy to cover your home and its contents.

Here's how to get flood insurance, and what it will and won't cover.

You can purchase flood insurance from your broker or agent through the National Flood Insurance Program (NFIP), which is managed by the Federal Emergency Management Agency (FEMA). Flood insurance is available to any homeowner who lives in one of the many NFIP-participating communities (which have agreed to pass and enforce certain storm water and flood plain management laws).

A flood insurance policy through the NFIP can provide maximum coverage of $250,000 for property and $100,000 for contents. (Property and contents coverage must be purchased separately, even though they may form part of the same policy.) If you want additional coverage, you can purchase excess flood insurance from private insurers. The average flood insurance policy costs less around $700 per year, according to the NFIP.

If you buy a home in a designated high-risk flood zone and get a mortgage loan from a federally regulated or insured lender, your lender must require that you purchase flood insurance.

Here's what flood insurance pays out for each type of property covered:

Contents. Flood insurance pays actual cash value (not the most generous amount -- it means the cost to replace the damaged or lost property based on its actual, depreciated value as used goods).

Property. You can opt for replacement cost coverage (the cost to replace the damaged or lost property with new property, without regard to depreciation) if you're insuring a single-family home that is your primary residence. Available coverage is at least 80% of the full replacement cost of the building (an amount that's set in advance for your property) or the maximum available under the NFIP.

http://www.nolo.com/legal-encyclopedia/hurricanes-flood-insurance-what-homeowners-30130.html

[Life is Golden]

Read, and learn:

Many homeowners learn the hard way (or the wet way) that their homeowners' insurance doesn't cover property damage caused by hurricanes and floods. If you live in a potentially affected area -- which could include everything from a home on the coast near a fragile levee that sees frequent floods to one downhill from a stream that hasn't flooded in years -- you probably should buy a separate flood insurance policy to cover your home and its contents.

Here's how to get flood insurance, and what it will and won't cover.

You can purchase flood insurance from your broker or agent through the National Flood Insurance Program (NFIP), which is managed by the Federal Emergency Management Agency (FEMA). Flood insurance is available to any homeowner who lives in one of the many NFIP-participating communities (which have agreed to pass and enforce certain storm water and flood plain management laws).

A flood insurance policy through the NFIP can provide maximum coverage of $250,000 for property and $100,000 for contents. (Property and contents coverage must be purchased separately, even though they may form part of the same policy.) If you want additional coverage, you can purchase excess flood insurance from private insurers. The average flood insurance policy costs less around $700 per year, according to the NFIP.

If you buy a home in a designated high-risk flood zone and get a mortgage loan from a federally regulated or insured lender, your lender must require that you purchase flood insurance.

Here's what flood insurance pays out for each type of property covered:

Contents. Flood insurance pays actual cash value (not the most generous amount -- it means the cost to replace the damaged or lost property based on its actual, depreciated value as used goods).

Property. You can opt for replacement cost coverage (the cost to replace the damaged or lost property with new property, without regard to depreciation) if you're insuring a single-family home that is your primary residence. Available coverage is at least 80% of the full replacement cost of the building (an amount that's set in advance for your property) or the maximum available under the NFIP.

http://www.nolo.com/legal-encyclopedia/hurricanes-flood-insurance-what-homeowners-30130.html

If your position is that no private insurers offer flood insurance, you are misinformed.

Read and learn.

https://www.nytimes.com/2016/09/08/your-money/how-to-assess-private-flood-insurance.html

[Русский агент]

If your position is that no private insurers offer flood insurance, you are misinformed.
Read and learn.

Perhaps you should learn to read, since I don't recall taking the position that "no private insurers offer flood insurance."

[Life is Golden]

Perhaps you should learn to read, since I don't recall taking the position that "no private insurers offer flood insurance."

Your point, then?