Don't get swamped by flood insurance! Read this article about flood insurance in the Tampa Bay Times. Why do you think some people pay more for flood insurance? According to the article, what determines if an individual is high risk? In the article, the authors discuss government subsidies for flood insurance. Why do you think the government provides subsidies for flood insurance? According to the article, what are some things that impact the amount of subsidies the government provides?
SS.8.FL.6.5 Discuss that insurance companies charge higher premiums to cover higher-risk individuals and events because the risk of monetary loss is greater for these individuals and events.
SS.912.FL.6.8:Discuss the fact that, in addition to privately purchased insurance, some government benefit programs provide a social safety net to protect individuals from economic hardship created by unexpected events.