Perhaps the fact that Rita has also caused flooding in New Orleans
will wake up even those who feel that a "100-year-event" is
guaranteed to come only every 100 years...
I love you, Jane, but your comment that because the river hasn't
flooded your area in 250 years and you're in a "100-year" zone means
you should cancel your insurance is exactly the sort of thinking that
causes problems. That "100-year flood" comes *on average* every 100
years, but it may in fact skip a few hundred years, then come twice
in the same year, given the right conditions. And the reason the
insurance is at the appraised value rather than the remaining value
on the mortgage is to enable the insured to rebuild at today's costs.
Neither you nor the bank could rebuild your home for the amount
remaining on the mortgage. It's not purely to rip you off.
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Martha Krieg [EMAIL PROTECTED] in Michigan
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