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In my opinion the entire gulf coast which I love has been ruined with all the hurricanes and insurance company greed.


"That's why insurance is available."


Yeah, at what comparable cost? In addition to our higher premiums we have a "hurricane deductible" which is unreasonable for the average person. Sure a tree can fall on your house from all kinds of weather anywhere but I don't think other places get to add a deductible that equals 2 to 5% of your home value that you must pay before the insurance will cover the reminder of damages. And no ocean view here.



"Insurance company greed"? "...unreasonable to the average person"?

This is what you think? You're talking about living in a disaster zone where monster hurricances can come through every year. Scores of articles and tv shows have been done talking about the fact that a lot of those gulf areas should have never been built up in the first place. If you choose to live there don't expect everybody else to bail you out over and over and over again. Insurance is simply a group of people paying into a pool of money to handle occasional bad things happening. If someone continually acts in such a way as to position themselves in front of those bad things happening, who should be responsible for it? This is exactly the same conclusion the federal government came to a few years back in the flood plain zone in the upper midwest area. After 40 years of coming in every few years after each flood and rebuilding everybody's homes, the feds finally said we're giving you a choice, either we rebuild you where you are one last time but after this you're on your own or we will pay to relocate you to higher ground. That's it. Most people took the relocation option and so should you if you're unable or unwilling to pay the higher insurance premiums.
We have this same discussion here in California every year concerning all the fires. If you want to build your house in a firetrap canyon, expect to pay a ton for your fire insurance and hope you live through it.

Bob

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