Smells like HAARP to me, especially since it struck red states a month before the most important election in history.
A similar sized event with similar results occurred in the 1920s.
Other than liability, I’m not so sure I see the financial benefit to homeowners insurance anymore if you paid cash for your home. In many circumstances the home makes the property worth less. Set aside $500 a month in a fund earning interest and dividends to cover unanticipated loss events.
Totally agree.
Where I live is nearly geographically and geologically identical to that area.
I don’t have flood insurance.
Not enough population density here to bother turning on the “1000 year flood” machine for us, though.
We’re not parked on top of priceless lithium or quartz deposits either.
Many people can’t afford simple home insurance anymore let along government flood insurance on top to that. Thanks to the left. The insurance companies just lost a bunch of the customers they did have in the area. No home means no insurance payments.
Three words: Tropical Storm Fred.
Good reason to get the insurance.
That said, they knew this was coming, from a week ago...
https://youtu.be/fw6INuP95gA?feature=shared
The word catastrophic was used.
Why were so many people still in harm’s way...
Insurance companies made like a bandit. They only have to pay 1 percent. I think the rest shouldn’t get any money at all. They chose not to be insured. Of course, we always reward the irresponsible ones so they will be paid handsomely by our very own government. Sad!
It was an extremely abnormal amount of rainfall. They are used to heavy rains that bring 2-4 inches in a day but they receive up to 30 inches or more of rain in a few hours.
There is no reason for it to be a separate insurance.
We have a townhouse very close to Trinity Bay. We got over 50 inches of rain during Harvey be didn’t even come close to having water in the house. They is a pretty good-sized drainage ditch close to the bay and our unit is about 3-4’ above the surrounding area. Had some in the garage, bit that was it.
Still keeping our flood and hurricane insurance.