Flood insurance is a federal program - Saab General Bulletin Board - Saabnet.com
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Flood insurance is a federal program
Posted by NateinAA [Email] (more from NateinAA) on Tue, 27 Sep 2005 13:01:19
In Reply to: Re: What should be rebuilt in TX and LA?, cfishgo, Tue, 27 Sep 2005 11:00:41
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So yes, if people were fortunate enough to have flood insurance taxpayers will (in part) be subsidizing their reconstruction. Personally I think this has encouraged people to build in places that would otherwise be too risky, but it's certainly a good idea for some folks.
-NateinAA
http://www.fema.gov/nfip/whonfip.shtm
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