> Ian wrote:
> Jerry Barnes wrote:
>> Right after the discussion about whether the risk is real or not.
>
> The trouble with that is that it is almost impossible to prove that a
> risk is real or not until after the fact.

Which is, of course, why doing nothing is always stupid.

Personal Example:
When my wife and I bought our first house, being fiscal conservatives,
we wanted flood insurance.  Our agent told us we didn't live on a
flood plain and - eventually - refused! to sell it to us.

So we switched agents to one that would sell us flood insurance.  We
really had to work at it which I don't understand, and our neighbors
thought we were nuts.

Anyway, sometime around 2000 my town flooded in record rains.  It was
called the "flood of a century".

Because the flood was local there was no access to disaster funds.

Many of our neighbors lost their homes and still owed the mortgage.

We didn't.

Boy Scout Motto: Be Prepared Dumbass.

(I added the "dumbass" part)

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