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Comments:
Let me add my two cents worth about flood insurance. Everybody knows about a black swan event. I lived in Houston for 25 years and always carried flood insurance. My house was above, not the 100 year flood plain, but above the 500 year flood plain. So many times, although the insurance was cheap, I felt rather silly keeping the policy. Until Harvey visited the town. Actually, Harvey didn’t flood me, the Army Corps of Engineers did. They released water in stages from a reservoir about 6 miles away. The fourth of six releases put 6 inches of water in my home. So my $300 policy finally paid off to the tune of about $250,000. Just saying ’!
Post: What I Don’t Own
Link to comment from March 6, 2023