Floating houses immune to rising sea levels in the Ijburg section of Amsterdam

submitted by magnora7 from i.redd.it

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[–]RykkuRukashi 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (1 child)

Yeah flood insurance might not be an issue, but insurance for floating home? the premiums still would be insane. the insurance adjustor will be like "your home is worth how much? and its floating? yeah, your rate just went up"

I have a home with insurance. If you don't live in a floodplain, you don't need flood insurance. But if your sewer backs up and floods your basement, that's not a "flood" anyways, to be covered by flood insurance. i don't pay for flood insurance and I still pay $2k a year in insurance.

[–]magnora7[S] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

What? No. Insurance for a houseboat is much less than insurance for a house.