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Originally Posted by creekster
It all depends. In California it is highly regulated and the state underwrites part of the market. It is not simply a matter of "is it affordable" you also have to look very closely at what it is you are buying.. My guess is that in Memphis the underwirters ahve decided the chance of another New Madrid super-quake is so unlikely that thye are offering ti cheap and it probably looks good. The question may be (and I don't really know your market) if the quake was big enough to wipe out all the unreinforced masonry structure in the midwest, would the market even be abel to pay for it?
It may also come down to how does it make you feel abotu your family's circumstances?
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I'll have to look again at the details. I remember when we bought the house, adding EQ insurance nearly doubled our premium, so it's not cheap. I'm not an expert, but I think they expect any action along the New Madrid fault is more likely to be rare, but very dramatic.
Maybe Obama will institute a national disaster insurance program that will solve all my problems.
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Give 'em Hell, Cougars!!!
Religion rises inevitably from our apprehension of our own death. To give meaning to meaninglessness is the endless quest of all religion. When death becomes the center of our consciousness, then religion authentically begins. Of all religions that I know, the one that most vehemently and persuasively defies and denies the reality of death is the original Mormonism of the Prophet, Seer and Revelator, Joseph Smith.
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