Satelec 2003

I am trying to buy a house that is about 6 miles from the Gulf of Mexico, not in a flood zone. Quotes locally are outrageous. Would it make a difference if I called a company based in a rural area of the same state (AL) that doesn’t typically get many policies of this dollar amount? Would they be willing to take a possibility and give me a reasonable quote or do they all give quotes on the same maps and criteria.

The renter insurance that the landloard requires include BOTH personal property coverage and personal liability coverage. Doesn’t the owner of the apartment have the insurance to protect the damage to the building or unit
(i.e. liability)? Why am I liable to buy the coverage?

Mr. PAUL. “Mr. Chairman, Madam Speaker, I am pleased to lend my support to two amendments to H.R. 3121, the Flood Insurance Reform and Modernization Act, that will help those Americans, including many in my congressional district, at risk of increased flood insurance premiums because of actions of the Federal Emergency Management Association (FEMA). FEMA is demanding that many towns and communities spend thousands of dollars in taxpayer money to plead levies and other mitigation devices. If the levies are not approved to FEMA’s satisfaction, the residents of those communities will face higher flood insurance premiums. Many local governments are struggling to raise the funds to complete the acceptance in time to meet the FEMA-imposed acceptance deadlines.

Several communities in my own district have been impacted by these requirements. My office is working with these jurisdictions and FEMA to establish a more reasonable schedule for completing the certifications. My office is also doing every thing it can to help these local jurisdictions fund these projects. Unfortunately, even though there is never a shortage of available funds for overseas programs, there are no funds available to help countries comply with this new federal demand.

While FEMA has thus far been willing to cooperate with my office and the local officials in providing extensions of deadlines for certification, there remains a serious possibility that many Americans will see their flood insurance premiums skyrocket because their local governments where unable to comply with these unreasonable federal demands. In some cases, people may even loose their flood insurance completely.”

I really don’t see why an alleged small-government libertarian would support keeping NFIP premiums low, especially since the NFIP was billions in the hole after the 2005 hurricane season. And I don’t see why a small-government libertarian would want the US government in an area where the private sector obviously should be. Sounds like the government is distorting the market.

Unless Ron Paul was trying to appease his constituents before he got famous. It should be noted that his district is along the Gulf Coast and the Guadalupe River, and the Guadalupe River always gets soaked due to flash-floods in Central Texas.

The gutters may be clogged.