Your house is worth 200,000. Your risk of a catastrophic flood is 0.5 percent. Such a flood would…


Your house is value 200,000. Your cause of a catastrophic inundation is 0.5 percent. Such a inundation would overthrow your house and would not be healed by homeowner’s insurance. Although you cry, you buy inundation coverage for 1,200. Are you cause averse or cause seeking?