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Your house is worth $200,000. Your risk of a catastrophic flood is 0.5% Such flood would destroy your house and would not be covered by

Your house is worth $200,000. Your risk of a catastrophic flood is 0.5% Such flood would destroy your house and would not be covered by home owner's insurance. You grumble, but buy flood coverage for $1,200.00 - Are you risk averse or risk seeking?

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