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Isn’t homeowners insurance subsidised in the US in some places, especially in high risk areas? I can‘t find good resources on this - is there a logic behind th
by milanhbs 1y ago
Isn’t homeowners insurance subsidised in the US in some places, especially in high risk areas?
I can‘t find good resources on this - is there a logic behind this beyond pleasing the people that have vested interests in those areas (like owning a home)?
- estearum 1y agoYes it often is. E.g. https://www.floodsmart.gov/ https://www.floodsmart.gov/
- floatrock 1y agoFlood insurance specifically. Flood insurance in the US is often provided only by government entities because private insurers have all pulled out of that insurance market. Problem is when the only provider of waterfront insurance is government taxpayers, that kinda looks like people who own waterfront property have convinced everyone else to subsidize their lifestyle.
- deleted 1y ago[deleted]