Wednesday, July 16, 2008
Another Modest Proposal: Charge Extra to Live in Disaster-Prone Areas of California
The California Legislature has a modest proposal under consideration. California spent $412 million fighting wildfires last fiscal year – a record. Just two weeks into the new budget year, the state has already burned through a third of that total. So the Legislature contends that if the State of California is to continue to protect homes in burn areas, owners must pay more fees for the priviledge of burning up.
Insurance companies love the idea. It's always in their best interest for us to pay more, and get less. Fire season in the West, Hurricane season in the East, Tornado season in the Midwest - it's always something. We should be expected to bear the brunt of it, right?