You're right, the homeowner won't save any money. But if this isn't done, you ain't going to buy any homeowner's insurance.
"But if this isn't done, you ain't going to buy any homeowner's insurance."
The insurance companies used to be nationwide. When Andrew hit they changed to state based companies. The insurance companies are still making money hand over fist. Do the math and you gotta wonder where the money goes.
I also have to wonder why I have to pay more so that those people who can afford to live on the beach can pay reduced rates.