Choasmaget et others: Have a bit of a care as to opposing all government supported flood insurance subsization . The bulk of such insurance covers lower middle class to poor folks homes, who would have no affordable home, but for their existing ones. Think the Lower 9th Ward in New Orleans and innumerable homes in flood plains in Appalachia. An alternate to zero subsidization is a limit ion policy value. Thus, payoffs to poorer folks with low value homes could be maintained.

The California problem and also in Florida and other places too, is the building and rebuilding ( after destruction) of new HIGH VALUE homes in known wildfire and coastal flood zones. This situation could also be met by mandating much lower policy coverage limits in such zones, coupled with high premiums. An alternative is expensive full coverage insurance with a no rebuild clause, mandating escheat to the state after pay-off and high premiums. Lastly, in some coastal areas, insurance companies have outright refused to issue new policies after one pay-off and a refusedto cover new construction for new buyers.