09-19-2015, 06:32 AM
It's not just Hawaii.
I had a friend who owned a home in Las Vegas. She didn't have (and couldn't buy) flood insurance because she wasn't in a designated flood zone. Las Vegas grew, houses and streets were built, there was a flood, and her home was destroyed. She couldn't collect insurance ("you didn't have flood insurance") and the bank insisted she pay off the mortgage for a condemned home that no one could live in. No one considered what the new construction would do, and no one changed the flood maps.
I had a friend who owned a home in Las Vegas. She didn't have (and couldn't buy) flood insurance because she wasn't in a designated flood zone. Las Vegas grew, houses and streets were built, there was a flood, and her home was destroyed. She couldn't collect insurance ("you didn't have flood insurance") and the bank insisted she pay off the mortgage for a condemned home that no one could live in. No one considered what the new construction would do, and no one changed the flood maps.
"I'm at that stage in life where I stay out of discussions. Even if you say 1+1=5, you're right - have fun." - Keanu Reeves