“Absolutley right! Why would any sane homeowner not have their home insured?”
Because it is not essential compared to water and electricity, and the house is paid for. More and more people are having to do risky financial triage like this, in this era of hope and change. Yes they are.
Just like being able to make house payments without suffering, there are lots of people who really should not be trying to be homeowners.
Very doubtful the folks in the report have paid off their home mortgage. We did several years ago and it would be doubly stupid to not keep up the insurance.
Expecting the government (fellow citizens) to pick up the cost because they wanted to buy a big screen and run down to Disney twice a year, is SOCIALIST and is not what either made Ameria great nor is the type that is going to save America.
FEMA may be necessary in actual national disasters to re-establish essential services, but if someone fails to have home insurance or insists on living in a flood plain without flood insurance, they do so at their own peril.