Logan Martin Lake Topics: Insurance situation

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	Name:	Ulysses E. McGill -
	Subject:	Insurance situation
	Date:	2/19/2007 4:28:09 PM

Risk is easily calculated and everyone should pay a proportional amount based on risk. This is why smokers pay more for life insurance and bad drivers pay more for auto insurance. I have no problem with pooling, as long as you pool similar risk categories; and this is how insurance is intended to work.

If a beach dweller does not wish to pay for his share of the risk, he should locate somewhere else. This is the exact reason I passed up a great deal for a beachfront penthouse condo on Hutchinson Island Florida six years ago; it was later nearly destroyed in a hurricane. The area had not been subjected to a bad hurricane in many years, but common sense and financial prudence helped me make the decision that I was unwilling to accept such risk.

When I look at property, I always consider location, insurance risk, distance to fire and police protection, probability of flooding and drainage, and many other items....it's part of the package.