Gustav

[MTK]

Originally Posted by firstdown

So your opinion is that if your bank does not force you to buy the protection then its not needed. If you own a home I hope you did not by a policy that just coveres what the mortgage Co says they require because if you have a loss your in for a big surprise. Also by the fact it was considered a lower risk area would make the flood ins policy run around $300.00 in premium per year.

They weren't legally required to have coverage and they were deemed to be in a low risk area... you see no problem with that? In the end it's up to the homeowner to evaluate their own risk level but I just have a hard time passing the buck completely to them based on the bad info they were basing their decision on.