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Reply #30: Don't you love floodplains? [View All]

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northofdenali Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Apr-21-06 12:04 PM
Response to Reply #15
30. Don't you love floodplains?
Here's a giggle - the entire Tanana Valley (a huge mass of land in central Alaska) is considered a flood plain. Even if you're 8 miles from any river, and 2000 feet above sea level, in order to get a mortgage with most lenders, flood insurance is mandatory.

A bunch of people I know are grouping together to file suit - not against insurers, naturally, but against the lenders requiring the ridiculous coverage.
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