Spellbound
falsus in uno, falsus in omnibus
- Joined
- Apr 4, 2013
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Special high risk vs preferred risk is significant insurance terms. It means my flood insurance will be cut in half $$$
The reason for this is that although I could throw a seashell into the Atlantic Ocean from my house, they realize that the gulfstream currents combined with a deep, defensive ocean shelf make my home a reduced risk for flooding. The gulfstream being so close allows for water to continually move. Hurricane Irma & all those before it has proven it.
Wind risk is another story but I’ m not obligated to carry that.
so you are still covered if it floods, if I understand right. That would be great, to be covered at less expensive rates. I am glad for you, I was a bit concerned.