[Sooth2222]

"Believe it or not, because the destruction was caused by the storm waters rising in a flood instead of falling down, financial assistance from insurance has been null." Vanzant says her only option offered by FEMA was to ‘get a loan’ at six percent interest, but she says she wouldn’t be able to make the monthly payments at such a rate.

Well, yes. The potential liability is so high, private insurers won't touch flood insurance. That's why the Federal Flood Insurance program IS. (Which, technically, should be bankrupt or nearly so after Sandy.) The Federal program only covers up to a $250k loss for a residence and $500k for a business. Not much help for many, even if they had flood insurance.

I can't imagine the rates she'd need to pay to cover the flood insurance risk for a MARINA, which is in/on water to begin with.

Makes some sense for a business to maintain reserves to cover such eventualities. Or to move inland, if they can't handle the risk.

[JimRed]

I can't imagine the rates she'd need to pay to cover the flood insurance risk for a MARINA, which is in/on water to begin with.

Since federal subsidies help with flood insurance, we all help pay for it in our taxes.