5 ms·
If your expected return from an insurance isn't negative, don't expect it to exist next year.
by BobbyJo 5y ago
If your expected return from an insurance isn't negative, don't expect it to exist next year.
- missedthecue 5y agoIf an insurance company is guaranteed to have an $800,000 claim filed on their policy within the next 12 months because your house is already flooded, they won't sell you the policy.
- landemva 5y agoThat would work in an economic free market. Instead, the Feds force everyone else to subsidize flood insurance. https://www.floodsmart.gov/ https://www.floodsmart.gov/
- missedthecue 5y agoGo get an insurance policy on a house that is currently underwater and tell me who gives you a quote. I'll send you $1000 if you do this.