Arlo and Janis by Jimmy Johnson for December 01, 2023

Something reasonably priced? Family discount?

Gus speaks the truth. My flood insurance is a killer. Need to have it but I really need to move. I guess no matter where you live there is always something.

Landlord business is tough business! Liquidate the repertoire of rentals?

“Well, Reverend Morrison in your policy, it states quite clearly that no claim you make will be paid.”

VICAR: “Oh dear.”

“You plucked for our ‘never pay policy’ which, uhh, which if you never claim is very worthwhile – but you had to claim and there it is..”

Move to higher ground or put everything on stilts or wheels.

Enjoyed the conversation. Bye Gus.

Our prior house was in a “slide” zone on the side of a hill. Guess what, “slide” zones are not flood zones so you can’t buy flood insurance and your regular insurance doesn’t cover “slide” damage.

My insurance company cancelled my earthquake policy. Because I live in an active earthquake zone. How is that even logical? They only sell earthquake insurance in places that don’t get earthquakes?

People in FL are having all kinds of problems getting insurance. 15 companies have opted out or gone bankrupt. Seems a hurricane tax is gonna be imposed by Citizens which is the public backed one.

When we moved here ( Fl.) 40 + years ago, the hurricane was included in the ins. About 10 or so years later we had to pay seperate for it. We never had to use it yet. I hope it will be there for us if we do. Flood is not needed as we are on a hill.

We moved to Middle Tennessee and had to have sinkhole insurance.

Do you need flood insurance if you live on a boat?

My friend has a dozen low end ones (read slum-lord) This week our shell game is four water heaters

Of course you have flood insurance. Wait for a flood, it is an act of God therefore not covered…

Life is not a bowl of good insurance coverage…..

Flood insurance “Full Risk” rates can be a killer, especially if your first floor of living space is at an elevation subject to floods as now defined by “Hazus.” Hazus is a program/analysis that is far more difficult to define and understand than the FEMA “FIRM maps.” But then “bless their hearts,” the new “Full Risk” rates can only go up at 18% a year to a maximum of $15,000, all for coverage limited to $250,000. Given today’s costs and market values, $25000 will not cover all of the cost of building most homes built in flood zones on the US coats. The rest of the cost of damage that is not covered by the national Flood Insurance Program (NFIP) can be covered by private carriers. However, getting a policy for the “excess risk,” is typically far more expensive than NFIP rates even for very low risk “rock solid” homes/businesses built with living space well above the 100-year flood. And impossible to obtain for high-risk cases with floor space in the flood. Heck, Flood Rates are nothing compared to wind coverage. Try pricing wind coverage, even for a rock-solid home, built out of the flood zones, and 5 miles from the coast. Ultimately it is true, nearly all of us have some risk; earthquake, tornado, hail, wildfire, mud slides, nor-easters, hurricanes, the aftermath of major hurricanes hitting Illinois, Indiana etc. etc….

What to do? Pay the price, build as if you have no insurance, move? No easy choices if one likes where they live.

JJ should know. All of us who were here for Katrina and the umpteen hurricanes since should know.

Gus is slowly being transformed from a jolly old man to a real estate wheeler dealer. Interesting.

“But will it still be above water in 10 years? about 20 years?”

A modest house on the beach would be nice.

Yep, My brother found that out when DNR reassessed his property on the river. It’s now unsellable to a new owner because of the cost of flood insurance. Thankfully he is grandfathered in.

I agree the supervolcano under Yellowstone in the NW corner of Wyoming is scary threatening, though I doubt insurance would do you much good. Most of the volcanic activity in the southern Rockies ceased about 26 million years ago. The Valles Caldera in the Jemez mountains was active only 1 million years ago, although strictly speaking that is not part of the Rockies being the other side of a failed rift zone.