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At the moment, the cost of flood insurance in the US is too cheap. That is, the price doesn't reflect the risk. It is a ticking time bomb. On the other hand, i
by geoduck14 2y ago
At the moment, the cost of flood insurance in the US is too cheap. That is, the price doesn't reflect the risk. It is a ticking time bomb.
On the other hand, if you are a home owner in a flood zone, the best "investment" you can make is buy flood insurance and hope for a flood.
Of note, flood insurance is nationalized, so probably will be backed by your tax dollars