Please tell me how you get fiancing with any bank with this clause? Let's see ... we have 1,000 homes in this area - and if 10% of them catch fire, we'll make some money....
Couldn't you make the legal arguement that any charge above $75 is now 'gouging' or 'extortion'? You don't walk into the insurance company after your home is flooded and waive around a $125 check, demanding retro-active Flood insurance coverage, do you?
“You don’t walk into the insurance company after your home is flooded and waive around a $125 check, demanding retro-active Flood insurance coverage, do you?”
Sadly, many so called conservatives here probably support the “right” to do just that.
These WWJD thread are pretty illuminating. If religous people think Jesus would be down with something, it’s no great stretch to them to think “society” (which ends up being gvt) should be too.