EG Smith

Comments:

• Risk mitigation. I grew up on the gulf coast. Went thru several hurricanes. Folks without flood insurance were gambling with their home investments. Tidal surges would severely damage or completely destroy homes and/or businesses. I currently have earthquake insurance as our home is in an area at high risk for earthquakes. Its an add-on to our insurance policy. Yes, it raises the cost of our home insurance, but it's worth it to me to have this risk covered. I reckon its wise for each person to evaluate the risks in their current situation and decide whether insurance is a cost effective way to mitigate the risk(s).

  Post: What I Don’t Own

  Link to comment from March 4, 2023