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General Discussion

RegieRocker

(4,226 posts)

4. I know now

Reply to SoCalDem (Reply #3)

Thu Dec 13, 2012, 09:24 PM

Dec 2012

that you don't realize insurances are in it to make money and they do just that. However the federal government does not make a profit. It's called debt. So either we insure ourselves and not make a profit or stay with private insurance companies. Oh one more thing. Flood insurance is purchased from a private insurance company just backed by the fed.

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11 replies

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Highlight:

We need to eliminate the "National Flood Insurance" program and in its place [View all] SoCalDem Dec 2012 OP

makes sense riverbendviewgal Dec 2012 #1

We should be insuring ourselves RegieRocker Dec 2012 #2

Our homeowners policy won't cover rebuilding roads & bridges & piers & reinstating electricity SoCalDem Dec 2012 #3

I know now RegieRocker Dec 2012 #4

If there's a loan on the property it is not voluntary, and you have a bad idea Yo_Mama Dec 2012 #5

I do not support rebuilding on coasts..at all SoCalDem Dec 2012 #8

Flood tables were never accurate because we don't actually know what a 500 or 100 year flood RB TexLa Dec 2012 #6

If we were to rid ourselves of the entire insurance industry and simply take on the job Egalitarian Thug Dec 2012 #7

Why should we spend money customerserviceguy Dec 2012 #9

So if I'm smart enough to build somewhere stable... Lightbulb_on Dec 2012 #10

You want everyone in the country to pay for California earthquake insurance? FarCenter Dec 2012 #11