Darrin: [00:00:08] Scott Van Hoff what is the BIGGEST RISK? [00:00:10][2.9]
Scott: [00:00:14] Well, the biggest risk. Well, what concerns me, looking looking forward when we're talking about the issue of flood insurance is this this changing of the sea level rise and the changing of the risk, especially in our coastal areas. This especially thinking from the perspective of a homeowner or somebody who's making a long term investment, you might be, you know, in this location, in this home or owning this property for a few decades. There certainly may maybe a likelihood, certainly an opportunity that there's going to be an greatly increased risk in increased cost to that homeowner as a result of changing flood and changing risk conditions. Certainly you see that at the time that FEMA updates a map. You often see people move from one zone to another zone because the boundary lines of change or the flood elevations have gone up and they've suddenly faced with a greatly increased cost of ownership from that from property. And and all too often I see that especially retired people living in a retirement home, working and literally be priced out of their homes because of the cost of covering or covering that risk, the cost of insurance. This is something it does concern me private, because we have so many people in that situation in these coastal areas. Coastal areas attract people, especially in their retirement years, it seems. And I'm concerned about that increasing risk in people's ability to adapt to that financially. And unless they think about it ahead of time and taken some steps to try to mitigate that risk and mitigate that potential for cost increase in the future with map changes and changes in flood risk.