Wednesday, October 30, 2013

FLood Insurance,Government agency Mismanaged and FLA BEACH LIVING

G'day friends of Florida beach living!
I enjoyed reading Billy, a local friend's, letter regarding Goverment and the Buisness of insurance, Read below my picture and some of my property Listed for sale.
Diana Sames MLS Listing & Stick Referral Web SIte
Mirabella Ct Waterfront deal- Singel Family living with non of the Worries

  Elegant St Pete Beach home for sale Updated Watefront Sunset Beach condo with boat lift and LOW fees.
 adorable Madeira Beach bungalow with Large pool for sale Three Palms Point waterfront Pool home for sale
                         2 Adorable Gulfport homes FOR SALE on ONE deep lot with a Pool  
                                           Quiet Serene Old Florida Gulfport condo for sale                                     
   St Pete Beach Wide Open Waterfront Updated Home for sale

          "Thank you for all the hundreds of letters and messages you moved to Washington.  Looks like a bit of slack on the flood insurance premiums. However it's now time to let FEMA  be a regulatory  body and tell us how high to build but get out of the business of selling insurance. For example, if you buy $200,000 Fire insurance from State Farm and the house burns they give you $200,000. If the house costs $300,000 to build back they don't give you a extra $100,000.  When you buy your flood insurance from FEMA they say how much do you want and charge you a premium accordingly. Fine, but when the flood hits the President waves his hand, declares a national  disaster, and gives you from FEMA twice what you purchased and all your neighbors the same even though they did not have flood insurance. Next day the FEMA agency has spent way more than they took in. Any private insurance company would be bankrupt but more than likely not as they would not be giving benefits to those who did not purchase them in the pool. So now what does FEMA want to do? They want to raise the premiums on all the good people that responsibly bought flood insurance to pay for all those who did not. I say let private enterprise run the insurance companies and get government out of our business.  In closing, the government will kick this premium thing down the road, make no decision and devastate our real estate resale market due to the great unknown. Push now for alternative private flood insurance product acceptable to mortgage lenders so we may ignore these mismanaged government insurance programs.  Sincerely, Billy Moore"        

Florida a great place to live. Diana Sames Listing Website & REVIEW website

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