gallantwarrior
Gold Member
Getting some money up front is not the primary reason the government offers dirt cheap insurance coverage for stupid people doing stupid shit. Government does this because banks will not mortgage places like this without insurance coverage. The banks always get their "cut" when government pays off on these policies, and there's enough left over for the homeowner, too. This is also the reason why there are no limits on how many times the government pays big bucks on the same property for the same losses.