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Old 01-04-2013, 02:05 PM
 
45,582 posts, read 27,196,139 times
Reputation: 23898

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Quote:
Originally Posted by Finn_Jarber View Post
Is there no end to it?

House votes to expand borrowing authority for Sandy flood claims - NBC Politics

Responding to the insurance claims of property owners hit by last October’s super-storm Sandy, the House voted Friday to approve $9.7 billion in additional borrowing authority for the National Flood Insurance Program (NFIP) which covers property owners in flood-prone areas.

This is a thread created with bad intentions. Steer clear...

 
Old 01-04-2013, 02:05 PM
 
1,229 posts, read 1,147,877 times
Reputation: 667
Quote:
Originally Posted by LibertyandJusticeforAll View Post
If you live in a "determined federal guideline flood line" the federal government created a federal flood "insurance program" to fund and credit private and non insured property. When disaster strikes, private insurance companies pay what they can and the rest to billed back to the federal government or the government pays claims based on whatever guidelines they see fit at the time.

1. People who have property on flood lines should be responsible for their CHOICE TO LIVE at this locations and the PROPER insurance to cover it. Usually these properties are highly over priced million dollar houses etcs. Government is basically letting people live at these locations RISK free with the chance to bailout everyone if their house floats away. If your house floods anywhere outside the federal flood line you see no money. :-)

2. The federal government is picking and choosing which properties to bailout based on your location.

Rebuilding houses are not the role of government, handing out tax payer money to people who live next to a ****ing ocean appears to be something the government will pay for as well.
I think you need to read up on how flood insurance works. The Gov. Does not pick and choose anything, they pick up the slack that the private insurance companys don't want because they don't like to pay out. So if you live near the water or in Florida or other places that don't flood small areas, if they flood half the state floods.
 
Old 01-04-2013, 02:08 PM
 
1,229 posts, read 1,147,877 times
Reputation: 667
Quote:
Originally Posted by DRob4JC View Post
This is a thread created with bad intentions. Steer clear...
I don't think the OP understands that every home is in a flood zone. Or that the gov picks up the slack that the private insurance company's don't' want. If anyone is cherry picking its the insurance company's. If the Gov. passed a law that the private ins.co. had to take flood insurance then your insurance would go up to cover the cost. The idiots here would start to cry Like a little girl that had her candy taken away.
 
Old 01-04-2013, 02:08 PM
 
Location: Baldock, hertfordshire, England
768 posts, read 880,117 times
Reputation: 254
Quote:
Originally Posted by itlltickleurinnerds View Post
There are many different kinds of flood zones. Not all or even many are in flood planes. Every home is in a flood zone. Some are in a zone that will flood every ten years, some are in 500 year flood zones. So you don't seem to get that no one is in a no flood zone. I have seen flash floods push cars off the road and destroy a home in the middle of the desert near Las Vegas. With weather uncertainty things are going to get tricky.
Well theyre not going to deny insurance for one in 500 year events. Its more places than flood every few years.
 
Old 01-04-2013, 02:10 PM
 
6,137 posts, read 4,862,292 times
Reputation: 1517
Quote:
Originally Posted by LAWS View Post
Well theyre not going to deny insurance for one in 500 year events. Its more places than flood every few years.
If the floods are consistent, it's not "insurance" in any meaningful sense, because the risk is so easily calculated.
 
Old 01-04-2013, 03:11 PM
 
Location: Florida
76,971 posts, read 47,640,534 times
Reputation: 14806
Quote:
Originally Posted by LAWS View Post
Well theyre not going to deny insurance for one in 500 year events. Its more places than flood every few years.
Why not? Why is it that if ten people lose their house, the insurance is denied, but if 10 000 lose their houses, the tax-payer bails them out?
 
Old 01-04-2013, 03:38 PM
 
Location: Tampa Florida
22,229 posts, read 17,858,215 times
Reputation: 4585
Quote:
Originally Posted by TheMoreYouKnow View Post
This is a joke right?
I thought the thread was a joke. Now that it appears to have been an actual attempt to justify not passing the relief bill, it kind of makes the whole premise even more sadly amusing.
 
Old 01-04-2013, 03:38 PM
 
Location: In your head, rent free
14,888 posts, read 10,037,809 times
Reputation: 7693
Quote:
Originally Posted by Finn_Jarber View Post
Why not? Why is it that if ten people lose their house, the insurance is denied, but if 10 000 lose their houses, the tax-payer bails them out?
Nobody is being bailed out, this money is to prop up the GOVERNMENT flood insurance program which people purchase flood insurance policies from. These people had insurance and have filed a claim, this money is to pay those claims because some idiots in DC screwed up the program and it's now coming close to being insolvent.

Again, this thread HAS to be a joke. I know liberals are ignorant but not this ignorant usually.
 
Old 01-04-2013, 03:40 PM
 
Location: In your head, rent free
14,888 posts, read 10,037,809 times
Reputation: 7693
Quote:
Originally Posted by florida.bob View Post
I thought the thread was a joke. Now that it appears to have been an actual attempt to justify not passing the relief bill, it kind of makes the whole premise even more sadly amusing.
I still say it's a joke. I refuse to believe anyone is this stupid.
 
Old 01-04-2013, 03:40 PM
 
46,289 posts, read 27,108,503 times
Reputation: 11129
Quote:
Originally Posted by Finn_Jarber View Post
They should have refused it. Enough is enough
So, you did not want to get relief to the victims?

Figures....but predictable....
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