Literally no one wants to insure those homeowners. They get insurance through the National Flood Insurance Program - it’s subsidized by the Federal government a

Literally no one wants to insure those homeowners. They get insurance through the National Flood Insurance Program - it’s subsidized by the Federal government and it’s still incredibly expensive because the NFIP can’t refuse to insure a property thats going to be destroyed once a decade, so they end up being subsidized by all the properties in the NFIP that weren’t built in insane locations.