[undercoverbrother]

Originally Posted by ken0042

Actually this makes sense to me. No matter if it's through insurance or gov't bailouts, the bottom line is that everybody is chipping in to cover the losses. Maybe if it was up to insurance, people who choose to live so close to rivers and on flood plains might pay a higher premium. It might be a way to discourage building where it isn't safe.

I'm not saying that anybody deserved what happened this week; nor should they have to lose everything they own over this. However it a way to reduce the risks going forward.

I actually read it that the gov't might put pressure on the industry to pay claims that they might otherwise not cover.

Many property policies deny sewer back up, if that back up is the result of overland flooding.