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Old 09-15-2008, 09:01 AM
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Join Date: May 2004
Location: Houston, Texas
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The last time Galveston had a major damage storm was Alicia in 1983 - that's 25 years of paid premiums to the insurance company. The insurance companies may raise their rates for Galveston, but there are many, many people who'll continue to pay the price for the Galveston house. I live among many of them - they're in their 50's to 60's, they have their main residence paid for and they have the Galveston house paid for, they have plenty of income, and the property values of both keep going up. These Galveston homeowners will rebuild and go back - regardless of the insurance premiums.
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1989 500SEL Euro
1966 250SE Cabriolet
1958 BMW Isetta 600
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