I am subsidizing the insurance policy of those that do build in flood prone areas.
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Florida pays 60% of the entire countries premiums and gets only 15% of the plans payouts (over a 35 year period) ,, we are subsidizing the entire country and we are among the poorest here ... our median income is very low ..
Since I am a long term Florida resident, but not a property owner, I asked people who I respect about this issue...
They didn't agree with your stance, and patiently explained why this “correction” was long overdue.
It all goes back to many thousands of dishonest individuals scamming a “system”.Some home grown, most are from other states.
We are the premier relocation destination place for the rest of the nations “semi-wealthy,avoiding indictments citizens” to establish new residency, prior to declaring bankruptcy, before the indictments become public knowledge.
The unholy alliance of Florida's notoriously corrupt property developers, insurance companies and government is a fact, with a long and color full history.