Earlier quoted context omitted.
Except insurance against "acts of God" is extremely hard (and expensive) to get. The free market has spoken: when emergency strikes, f*ck the poor people.
I'm not sure about how much more expensive it is, but if I lived in a hurricane-prone area I would probably investigate it and consider it a cost of living there. Otherwise, if I can just get bailed out by the federal gov't when disaster strikes, those who choose to live in the safer areas of the country are essentially subsidizing the risks I assume by living there. Think of it as a negative externality (stretching…
She had insurance that covered, flood, wind, and rain damage. The insurance company did not pay her a dime, even after she, and the rest of LA sued them.
There is no free market when insurance companies can buy judges to get their way out of doing what they were paid to do.