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FWIW, I can’t speak for Miami but I do know that the costs for flood insurance are high enough in coastal areas that some people skip it entirely.
by brightball 8y ago
FWIW, I can’t speak for Miami but I do know that the costs for flood insurance are high enough in coastal areas that some people skip it entirely.
- XorNot 8y agoThe other side of this is to adopt coastal retreat policies as well though. Its not enough to drive insurance up, you need to prevent people moving in anyway because it's cheap land because of that.
- rhacker 8y agoInteresting - you had your fun at the ocean front. Now if you want money for the lost property, you have to buy three streets back? That's not a bad idea.
- codesforhugs 8y agoSciAm recently had a good article about these policies and the challenges they face: https://www.scientificamerican.com/article/surrendering-to-rising-seas/ https://www.scientificamerican.com/article/surrendering-to-r...