Dudes, Buy the Friggin’ Flood Insurance!

Source: Virginian-Pilot

Sea levels may be rising and the risk of flooding increasing, but fewer Hampton Roads residents bought flood insurance in 2108 than five years previously, according to data presented by the Virginian-Pilot. Between 2013 and 2018 the number of households with flood insurance declined by about 5%. The only one of seven localities examined that bucked the trend was the City of Portsmouth.

The Virginia Department of Conservation and Recreation is collaborating with local and regional authorities in Hampton Roads to boost the number of flood insurance policies. A $100,000 campaign, Get Flood Fluent, has launched a website and will continue with a concentrated ad campaign in print, radio and online. Among the points made:

  • The most common natural hazards are floods.
  • One inch of water in a home can cost roughly $25,000 in repairs.
  • In addition to facing the highest rate of sea level rise on the East Coast, Hampton Roads has started to see more intense and frequent rainfall over the past several decades.
  • Even those outside of a “high-risk” zone can experience flooding, and the subsequent damage typically isn’t covered by regular homeowners or renters insurance.

Bacon’s bottom line:

Buy the flood insurance! If you fail to do so, don’t come begging to the rest of us to make up for your lack of foresight. And for god’s sake don’t ask taxpayers to pay to rebuild in the exact same spot. Everyone needs to assume the natural disaster-related risks of where they live, whether we’re talking about storm-water surges, river flooding, wild fires, tornadoes, or ice storms. Pay the price, and then factor that cost into your decision about where you want to live and what kind of structure you live in. As a society, we cannot afford to bail out hundreds of billions of dollars worth of poor decisions.

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7 responses to “Dudes, Buy the Friggin’ Flood Insurance!”

  1. NorrhsideDude Avatar

    Hampton Roads localities have large areas composed of a majority of people of color.
    Can Northam veto the rising waters so they don’t disproportionately affect people of color?

    Don’t buy the insurance, the government will bail you out for building in areas everyone knows are unsustainable. Especially if the area is blue or rich (Most of the coast). And if not walk on the mortgage. Credit scores are looked at as racist now, they soon won’t be allowed to be considered as they also disproportionately affect people of color.

  2. djrippert Avatar

    They won’t buy flood insurance and they will come running to you for money to clean up the next mess. Weepy eyed liberals will huff and puff about how we have to spend vast sums of money to rebuild Hampton Roads and then will excoriate Donald Trump for not doing more.

    Why is it that I have to either have car insurance or pay into an uninsured motorist fund but people in Hampton Roads don’t have to buy flood insurance and don’t have to pay into an uninsured flood damage fund?

  3. NorrhsideDude Avatar

    The telling thing is mortgage companies don’t require flood insurance. They know the government will not allow the coast to be laid to waste.
    Orange man bad, make waters rise.

  4. Steve Haner Avatar
    Steve Haner

    That is a crucial point. If you needed the insurance to secure a loan with the property, that would make a huge difference. So, why isn’t that the case? This bank stockholder wants to know….

    1. NorrhsideDude Avatar

      Especially since they willingly give out 30 year loans like herpes. But supposedly the world will be apocalyptic in 12 years. (those may be AOC years… maybe like dog years but different?)
      I wonder the same about 30 year mortgages in places like Arizona and Vegas where they won’t have water in 30 years.
      Seems like a bad gamble to lend money on the Virginia coast, but I know some actuaries. And they are usually smart…. like evil genius-level smart.
      Damn maybe the world will end in 12 years and AOC is genius-level actuary smart.
      Man now I’m convinced and I’m going to have to get my Waterworld kit together and befriend that escaped Russian beluga.

  5. TooManyTaxes Avatar

    No flood insurance? Then there should be special service districts formed in flood-prone areas that raise the revenue needed for remediation and repair. That would be a sound part of dealing with climate change. But (to quote DJR) the environmental asshats want nothing to do with addressing the impacts of higher seas. They want money and power.

  6. Dick Hall-Sizemore Avatar
    Dick Hall-Sizemore

    It has been my understanding that the cost of flood insurance is subsidized by the federal government. Does anyone know if this is correct? I could do some research, I guess, but I am deferring to my learned colleagues on this blog. (What that really means is that I am being lazy right now.)

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