Brought to mind by the flood quesion, why would anyone cancel their flood insurance to save the $800 a year cost, incur $40,000 of damage from a flood, and then not get flood insurance?

Brought to mind by the flood quesion, why would anyone cancel their flood insurance to save the $800 a year cost, incur $40,000 of damage from a flood, and then not get flood insurance?
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1 Answer

Answer :

answer:Maybe they’re hoping that lightening won’t strike twice? You should probably tell them the same statistics do not apply to flooding and living by a river.
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