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On Tybee Island, a glimpse of why flood insurance is a vexing US challenge
The Christian Science Monitor ^ | December 1, 2017 | Patrik Jonsson

Posted on 12/04/2017 10:05:37 AM PST by Jagermonster

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To: Robe

I wonder why folks who use the freeboard area as living space don’t have a false floor with a set of pulley cables and a winch to lift the whole thing 3 or 4 feet off the ground when flooding is possible.


21 posted on 12/04/2017 10:58:46 AM PST by Rebelbase (The urge to save humanity is almost always only a false-face for the urge to rule it.-- H.L. Mencken)
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To: Jagermonster

To paraphrase an old cliche

Fool me once, shame in me
Fool me twice, shame on you.


22 posted on 12/04/2017 11:00:51 AM PST by llevrok (Swamp nothing! Give Washington DC an enema !)
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To: cyclotic
I agree. Wasn't trying to belittle those guys.

ANYONE who works on or around the highway is really taking their lives in their hands — cops, construction crews, tow operators. There are too many inconsiderate a**holes on the road who don't care enough to slow down and pay attention.

I've witnessed the aftermaths of some horrendous tractor trailer wrecks in mountain country. Those towing guys have to be intuitive engineers working on practically vertical embankments in rain/sleet/snow — and at all hours of the day and night. It's a nasty, dangerous job that I wouldn't want, no matter what the pay. Definitely hats off to those guys.
 

23 posted on 12/04/2017 11:00:53 AM PST by Governor Dinwiddie
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To: Jagermonster

1. Raise the federal premiums 10% a year.
2. After 2021, set the minimum federal premium equal to 3% of property market value.
3. Federal payouts after 2018 to be placed as liens subordinate to mortgages existing as of the last day of the month prior to damage.
4. Repayment of federal payouts after 2018 to take place over 30 years.
5. Failure to make a repayment means loss of all future federal coverage.

The federal government gradually needs to get out of this flood insurance business.


24 posted on 12/04/2017 11:01:45 AM PST by Brian Griffin
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To: econjack

“I don’t know why the gov’t is in the insurance business in the first place.”

It’s like New Orleans and Puerto Rico.

People expect federal handouts.

The idea was to have people pay a little towards federal risk.

Unfortunately, federal coverage has encouraged building in flood prone places.

Once there was a cheap shack by the sea. Now that shack has been replaced by a mansion.


25 posted on 12/04/2017 11:09:15 AM PST by Brian Griffin
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To: rlmorel
“Lose the house once, we help, after that you are on your own for the life of the house”
Good point and I agree 100%.
26 posted on 12/04/2017 11:17:07 AM PST by oh8eleven (RVN '67-'68)
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To: oh8eleven

Yeah...we aren’t heartless, and we respect heritage and history, but...we don’t like being taken for a ride by a grinning face!


27 posted on 12/04/2017 11:22:01 AM PST by rlmorel (Liberals: American Liberty is the egg that requires breaking to make their Utopian omelette.)
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To: Governor Dinwiddie

Didn’t think you were. I found new appreciation for those guys after watching a few episodes of that show.

I used to drive buses for a Christian youth camp as a volunteer and for a ski club. At the peak, I maybe drove 3000 miles a year. Not much at all.

It’s amazing how things get in your blood. I can talk buses all day.

I used to work for a company that sold some products to bus manufacturers. One guy called me to inquire about something. As he started to tell me where it was located, I told him what model bus it was and where he could find it. He had never come across a supplier who was an actual bus guy before. I’m sure towers and anyone else who has expertise in their line of work is the same.


28 posted on 12/04/2017 11:27:41 AM PST by cyclotic (Trump tweets are the only news source you can trust.)
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To: Jagermonster

Being able to get flood insurance in a flood zone at less than usury rate premiums doesn’t seem to make a lot of sense to me.


29 posted on 12/04/2017 11:39:26 AM PST by oldtech
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To: Jagermonster

If you want to live in these places, the taxpayers should not have to pay for damage to your place.
Look at historical flooding in an area, how much it happen and the damage totals; then spread that out over the month. That is how much your insurance payments should be, funded by yourself and the other people that “have” to live in these places.


30 posted on 12/04/2017 12:25:23 PM PST by vpintheak (Freedom is not equality; and equality is not freedom!)
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To: Jagermonster

Who would have below grade living quarters in a flood zone? stupid bunny!


31 posted on 12/04/2017 12:30:23 PM PST by Chickensoup (Leftists today are speaking as if they plan to commence to commit genocide against conservatives.)
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To: Brian Griffin

A cheap shack by the sea is a beautiful thing.

Don’t build more house than you can afford to see washed away.

But government intervention has completely distorted the beach real estate market, and this distortion is causing people to do all thinks of things that make no objective sense.


32 posted on 12/04/2017 12:43:08 PM PST by Haiku Guy (ELIMINATE PERVERSE INCENTIVES)
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To: Jagermonster

Anyone on Tybee Is GA is there by choice of significant wealth.

We should cut all welfare. But the rich should go first. No welfare to those who choose, nay, invite victimhood.


33 posted on 12/04/2017 1:03:43 PM PST by spintreebob
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