Here are my quick fixes!
Some food for thought.
- The NFIA was written by the insurers and lobbied through Congress by them! Why?
- 20% of all losses are contents! Why offer contents coverage at all?
- 50% of all losses are in unmapped areas or for unmapped hazards--erosion, mudslide, levee or dam failure, etc? Why?
- Eliminate all coverage for installed or uninstalled carpets.
- Eliminate coverage for all structures that don't meet IRC 1986 requirement that they are primary residences.
- Reinforce the current law that mandates no insurance for hazards not mapped.
- Avoid grandfathering in properties prior to current rate maps. There is a policy in force allowing grandfathering where FEMA has updated maps through better data not administrative error.
- Eliminate the definition A-2 in all NFIP policies.
- Go back to original application language which is incorporated into policy--any property found post flood to be in violation of any federal, state, or local flood plain management law or where a flood easement is in place (USACOE has over 100,000 properties for which they hold an easement to flood in high water and the occupants of those structures have flood insurance)!
- Any subsidized rate ends after the first reported and covered loss in any amount.