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9/19/2017 7:27:10 PM
Posted: 9/8/2010 1:24:18 PM EDT
[Last Edit: 9/8/2010 1:25:15 PM EDT by freddd]
I just found out that FEMA is doing us the great favor of upgrading our area's flood risk (even though it hasn't "flooded" in 30 years eta: it's been almost 40 years). Now we will be required to carry mandatory flood insurance at the cost of approximately $1200/yr according to one insurance company. We're still checking around of course. We can't afford that and we're looking to move despite just refinancing our house. Does anyone have any experience with this?
Link Posted: 9/8/2010 1:32:51 PM EDT
Sounds like highway robbery. I only pay $250 per year and I am 5 miles from the bay.
Link Posted: 9/8/2010 1:36:24 PM EDT
My flood zone got upgraded from X to AO back in February, apparently, but I wasn't notified until August. Now, my yearly payment goes from $300 to $1400 a year. And, they want their money retroactively.

Never mind the fact that this home is in southern Nevada, a few clicks away from Death Valley. Flood insurance. What a crock.

Best,
JBR
Link Posted: 9/8/2010 1:37:12 PM EDT
Mines 333.00 and I'm at 16ft and 500 yds from the river.
Link Posted: 9/8/2010 1:46:03 PM EDT
Maybe we just need to call around a little bit more. We can handle $300 or so per year. How much coverage do you have?

I'm trying to figure out what FEMAs angle is now for sure. Especially in NV
Link Posted: 9/8/2010 1:57:34 PM EDT
[Last Edit: 9/8/2010 1:58:38 PM EDT by PKRobbins]
Call a surveyor and get an FEC. They can help you navigate the mess that is FEMA. Don't just swallow what the insurance company says. All they (a quasi gov company called FLOOD) do is look at a map and take a guess to set your rate and tell your agent what to charge you.
Link Posted: 9/8/2010 9:02:48 PM EDT
Originally Posted By freddd:
Maybe we just need to call around a little bit more. We can handle $300 or so per year. How much coverage do you have?

I'm trying to figure out what FEMAs angle is now for sure. Especially in NV


Mine is thru State Farm. My house is insured for 200000 dwelling 80000 personal.
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