[throwup238]

The alternative is the NFIP [1], isn't it? The federal government was always going to be left holding the bag.

Meanwhile, responsibly run solvent programs like the California FAIR Plan for fire insurance have to fund it all from premiums and can survive major fires no problem.

[1] https://en.wikipedia.org/wiki/National_Flood_Insurance_Progr...

[jimmygrapes]

NFIP is really strict about what is covered and takes ages to settle. It's specifically designed to NOT cover dumb decisions by home builders/buyers.

[IG_Semmelweiss]

Which is why many homeowners are losing coverage in CA.

At this point its probably cheaper for an acreage owner to build natural barriers to fire vs getting fire insurance.

[sidewndr46]

Wouldn't that only cover flood damage? I grew up on the Gulf Coast and what counts as flood damage from my experience is very little