this post was submitted on 12 Jul 2023
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United States | News & Politics
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So we should instead punish everyone else for not living in a documented flood plane?
You're not being punished in that scenario. You're in a larger pool which lowers risk. Lower risk means lower premiums. It's one of the principles that makes socialized medicine in countries all over the world cheaper than the US healthcare system.
Lower premiums for Florida. Higher premiums for everyone else.
Risk pooling doesn’t work the way you think.
My rates would go up because of someone else's choices. Not interested, sorry.