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Monday, March 30, 2015

Federal law takes homes to new heights
(Page 4 of 4)
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A home on Michigan Street in LOng Beach is getting a lift in the aftermath of Hurricane Sandy.

Working together in the months following Hurricane Katrina, a group of southern representatives pushed through an administrative rule that allowed for the levees around New Orleans to be strengthened to such a point that raising the level of individual homes became unnecessary, and the Biggert-Waters requirements were waived. So far, however, no such waiver has been sought for the communities devastated by Sandy.

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Sandeep

Flood Insurance is BS. Only rich folk can afford it. The widows and orphans get flooded and dont get a dime, while the rich folk get to replace their 80s kitchens and baths all brand new on the govts dime. I guess they get their funds from the widows SS check.

Fact people with flood insurance only pay 1/3 the cost

Fact NFIP tries its best to keep non FHA mortgage holders from getting flood insurance as it is of no benefit to them.

The more folks in flood zones who dont have flood insurance the better since the program takes a loss on each new customer.

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