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It. Is our elected officials that control the policy coverages and exclusions in the flood insurance, policy. It is the same elected officials that passed the law that instructed FEMA to do away with flood insurance premium subsidies and to charge an actuarially sound premium. The Insurance Companies and FEMA are not raping anybody when it comes to the premiums charged. They are only doing what our elected officials told them to do. The issue of coverage or lack thereof for living spaces that are at least partially below ground level was discussed in the 1970s when our elected officials decided to exclude coverage from the flood policy.