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Message: <blockquote data-quote="SoonerP226" data-source="post: 3239280" data-attributes="member: 26737">John Stossel did a piece on flood insurance a few years back, and what a stupid program it was, encouraging people to build in flood-prone areas (including beaches), knowing the gov't would pay for rebuilding. (He also said that he had a house covered by that insurance, and that he'd used it to rebuild the house, because, hey, the program is there, so you might as well use it.)When my parents bought what is now my house, the mortgage lender tried to make them buy flood insurance because the very northeast corner of the property was in a 100 year flood plain. Never mind that the house itself is a few hundred feet away and its foundation is about 10 feet higher, up on the side of a hill. If it ever floods enough to get that house, you'd better be buying stock in gopher wood and pitch...</blockquote>