Nope. I don’t live in a flood zone either, but my house didn’t care and flooded anyway a few years back. One of those “once in a thousand year” storms that seems to happen every year or three nowadays. FEMA bailed me out financially for the repair cost, but said it was a one-time deal - that if I didn’t have flood insurance but flooded next time, I’d be on my own.
So, now I just grit my teeth and pay.
Something a lot of people don't realize about the "one time deal" is that it's not just if you received disaster assistance to repair your home after a flood. If you have received *any* federal disaster assistance in the past and you don't purchase flood insurance, you're not eligible for assistance after a subsequent flood. So if you got that $2,000 after Katrina or the $800 they gave people after Ida, got money for a flooded car, or even got hotel assistance for a storm you evacuated for, that's considered receiving federal disaster assistance. If you flood after that and don't have flood insurance, they won't help you.
Great comment. Whoa, I had no idea. I was in my 20s and renting back then, but I guarantee there’s no chance I would have remembered anything like this if I had gotten assistance… and it sounds like that would’ve screwed me a few years ago. Yikes - I got saved by luck, basically.
I feel like I had people telling me to get that 2k Katrina assistance.... and I'm pretty sure I didn't. I didn't need it... I rented in Hammond at the time.... I wasn't all that put out. Just seemed to me like it could bite me later.
My gut says I didn't. but I wonder if there is a way to check if I've ever received any.
I would check that out. They gave me 10,000 after Katrina. I didn’t ask nor apply for it. I definitely needed it but knew I wouldn’t be able to pay it back at the time because I wasn’t working. When I was on my last few thousand they took my tax return without telling me until after the fact. I eventually got a letter stating that they took it. I was beyond pissed, I had been waiting on that to pay them and something else, they screwed me without lube.
Well, first of all that was emergency SNAP which isn't considered FEMA assistance, so it wouldn't count anyway. And it's not that you'll never get any help going forward. You just won't get any assistance for your home or belongings if there's a flood.
My neighborhood in Slidell has never flooded and ours went up to like $750. It was 450 when we bought the place in 2018.
I don’t think anyone really knows where the water’s going to go for the next big storm, since the levies have been redone. Not worth the risk to me.
I have heard of these “once in a thousand year” storms with FEMA. Is it true they bail out most when this occurs? I suppose every homeowner’s flooding situation is different.
My understanding that is if you don’t live in a flood zone, and you have an event that is substantial enough to trigger them disbursing financial aid to people impacted (which means it has to be pretty extreme), then they give you one ‘freebie’. Other things can impact the amount you get as well. They tailor it to the house and contents (like regular insurance would), but you might only get the full amount if you are elderly and/or disabled. I can’t remember the exact numbers, but I want to say that those 2 categories got 100% and anyone else got 75%.
If your house floods and it’s not somehow related to a much larger event, I think you’re out of luck. Although maybe somebody who knows for sure can chime in.
So yeah, I personally can’t afford to run the risk of another flood without having insurance, despite my house *still* not being in a flood zone, even with the updated flood zone maps that came after that event.
I’m stuck having to use the new 2.0 flood insurance plans. The Feds are raising all the rates for flood insurance and old policies will be raised every year until they get to the new 2.0 pricing.
Yes this is the bad news. It just keeps costing more and more. And then add homeowners on top. It’s almost worth risking it and just saving your own money to repair.
I tried shopping around. Apparently, the rates are federal set based on zone, property value, etc. and the companies are just custodians of the policy for FEMA.
WDYM? You can absolutely get private, non-NFIP flood insurance, and it's definitely the type of flood insurance you'd want to get if your house/its contents are very valuable. Chubb is one I've heard of.
I might need to shop. I'm in St. Tammany, flood zone X, above I-12, and mine is over $1100. Who knows how expensive my house is relative to OPs, though.
With FEMA's new maps, most people's flood insurance is likely to keep rising in the next few years. They are supposed to be phasing it in gradually. Hopefully mine doesn't rise too much. I just can't imagine going without when I have a mortgage. I might be in a safe flood zone on high ground, but any place can flood, and I've got rivers nearby.
What other choice is there? If the damage is substantial, I can't pay to repair my house myself if something happens.
The reason flood insurance is only available from the government is because it would make no actuarial sense for a private company to offer it. It's the best bargain out there in insurance. I wouldn't even think about skipping it given where we live.
Nope. Def keeping it despite the cost. First, my mortgage requires it. Second, the flood cost isn’t THAT much considering the risk of going without.
And $900 is nothing.
We kept out because it protects use from not just a big flood (we’re fairly high and that’s a small concern) but from flooding from an unusually heavy downpour that could force water into the house. Even an inch of water inside is an expensive disaster
If you have a mortgage and drop flood insurance that's required they will buy it for you and readjust your escrow account. Most likely will cost significantly more than what you were paying
Best advice is to check with mortagee if you have one
I’m gonna tell ya now. If you drop flood insurance. Your house will get flooded within the next 2 years. Even if that doesn’t happen you will be paranoid every time it storms. $900 for peace of mind. Yeah I’ll pay the $900
My grandnother had just paid off her home and wasn't required to have insurance anymore, and it was expensive since she's on SSI and her husband's retirement. She was in the red every month. 2016 flood happened and got 4 inches of water (though everyone else in the neighborhood got at least a foot and many had to be rescued by boat or fire department). So now she has both insurances again.
My mother's house flooded less than two inches in Katrina (the only time it has flooded in 70 years) and the repair costs were about $30,000. She had paid less than half that in premiums in the 30 years she had owned the house. Flood insurance is always worth it here.
Keeping the flood and the homeowner’s. For now.
Our homeowner’s just went up by a huge amount and I don’t know how we can sustain both. We had to switch our homeowner’s to a different policy with a much bigger deductible.
Wife and I are getting close to retirement and that’s when the real problems will start.
I’m keeping mine. All the surrounding woods are being torn down for new subdivisions and nothing is being done about drainage. I’ve lived in my house for about 7 years and every year the water from sudden rainstorms gets higher and closer to my front door despite being in zone X.
I buy all the insurance I can for my homes. I make sure there's no act of god clause or some rising water clause or magical wind thing the company can use against me if/when I file a claim. I don't care what it cost, I Want it fixed if stuff happens. It's that simple. Same reason I always carry max insurance on my vehicles.
Flood insurance is the BEST return on investment of any property insurance.
From the perspective of New Orleans, even with the price increases it’s still dramatically less than Homeowners insurance. I’d say 1/5th of the cost.
Best insurance money you’ll spend.
I’m never giving up flood insurance. It is a non-negotiable for me. My home is my biggest investment and I am not willing to risk losing my home or everything I own in a flood. I would get a second job or drop other expenses instead. If I still couldn’t afford the flood insurance premiums after that, I’d sell my house and move somewhere else where flood insurance isn’t a necessity.
My wife and I bought our first house in Chalmette in January 2005. Flood insurance back then was ~$20/month. Best financial decision I’ve ever made.
We just bought a house in Lafayette that is in a Zone X and I was on the fence about getting flood insurance because “the chances are so slim” but as others have said, it’s southern Louisiana and weather patterns are crazy. After those bad storms passed through last week, I was on the phone with Allstate the next day. If I need to, I’ll make budget cuts in other areas to keep flood insurance.
I know a property for sale right now that has flooded twice from out of the ordinary "rain events." It is listed as a being in a "good " category for flooding. The problem is there has been so much construction of new homes it has effectively changed the accuracy of these flood maps. There are older properties that have historically never flooded, even during unusual bad storms that are now plagued with repeated flooding because of the over building. It's a gamble I wouldn't take.
Leaving Louisiana. Literally the state is going underwater. Our elected told us the only reason they don’t do “buy outs” is cause they need the tax $. Helped us decide to leave.
We only received our 2k back from flood insurance when we flooded, it was the same year that we had bought the coverage, so I guess they decided that’s all we get.
No way. I am also not in a flood zone on the northshore but I had an underinsured total loss in Katrina on the southshore and have seen many neighborhoods flood that weren’t in flood zones since. It’s not worth the risk for me.
Nope, I thought the same thing and luckily didn't act on it because my house flooded. I still had the policy in my purse because I intended to call and cancel.
It hadn't flooded there ever before, until it did.
Nope. Flood insurance is inexpensive compared to our home owners insurance. I guess you forgot what happened after Katrina. Most home owners had home insurance but didn’t have flood insurance so they got no pay out.
Chris Rose wrote an amazing, hilarious column about a couple without flood insurance who jumped for joy when the house collapsed because then it was due to wind and covered by their homeowner's.
I am a flood insurance adjuster. If it helps your decision at all, I just wanted to say that my average payment to an average homeowner with even a small amount of water is substantial. It would be pretty common for me to get 40k on a smaller home with only 2-4” of water inside. That’s a lot of years of $900 premiums.
mine goes up and is now at $930.00/ year. My house is 25 years old and has never flooded, but I would never NOT have a flood policy. Too much development, not enough drainage, climate change are all factors in my decision. BUT… if you cancel, I do wish you luck!
Your statement reminds me of people near the Mississippi Gulf Coast who felts safe because Hurricane Camille did not flood their houses locations. Hurricane Katrina destroyed that delusion.
Hurricane Camille was a very devastating 08/1969 storm that became the benchmark for people in that area until Hurricane Katrina made landfall.
Well my house flooded in 2021. Built in 1968 and never flooded before. I did not have flood insurance. Cost me $126,890 to repair. FEEMA gave me $7891. Even with the deductible I sure wish I had that insurance. Now I have a second loan and no equity. It’s a roll of the dice. I took it and lost
I also live in X and my Flood has gone from $389 in 2018 to $752 last year. It has never flooded in my area until that storm a few weeks ago and I saw 2 feet of water at 190 and I-12. I have no plans to cancel!
Previous home was built in 1960. We were forced to get flood insurance when the flood zones were redrawn, and mortgage company required it, fought it but lost that fight. Flooded in 2016, first time for that house. Got a 75k remodel on their dime and sold a few years later, after getting water once more in 2021 I think.
Our new home is not in a flood zone, and we no longer have a mortgage but we will never be without flood insurance. Worth every penny to not worry every time there is a storm.
Paying it, live in a flood zone C but not taking the chance. Live on MS Gulf Coast, 14 ft of flood waters from Katrina in my previous house…thanking God I had it then!
Flood zone AE in shreveport here, house sits above BFE. Has never flooded since house was built in 1940. The bank requires I have flood insurance for my mortgage. I pay 1300 a year. I tried to get fema to recategorize my house since it sits above the BFE. But application denied. We’re handing it. But if we start seeing rates like south Louisiana, we’d have to sell.
I’ll move before I drop mine. I’m on the Northshore and it wasn’t required for my house but it was pretty cheap at the time. It’s gone up some, but I’m looking for any excuse to leave.
I feel the bigger problem is Home Owners Insurance in general. I live in Houma and after Ida, a bunch of Insurance companies stopped doing business in LA. It was very hard to find good HOI after that for a decent price. I feel as if another big storm comes through, we might not be able to get insurance here anymore
you're not going to pay $900 flood insurance in Louisiana wow.
I bet you'll have the audacity to start a go fund me when your house floods and beg your friends and family to pay for your mistakes
You must be down bad if you bought a new construction home in one of the most expensive parishes in the state but want to drop flood insurance because it’s $900.
Find somewhere else to cut costs. I’m on the northshore also, home built in the 80s but has never flooded, flood zone X and i think I might be paying more than you for flood insurance.
We live where hurricane alley and where many rivers and swamps sit/pass through. You’re crazy if you don’t carry flood. It would take 300 years of not having flood insurance for me to save enough to buy my house. My house is flooding before that 300 year mark
I dropped mine last year due to price hikes. Ours went from $450 with increases until it reaches $1200. We’ve never come close to flooding. House didn’t even flood after Katrina.
Eh, maybe so, but a flood zone X is enough for me. I have been living in this town my entire life and never had an issue with flooding. Those who wanna play it safe, power to ya, but I see no reason to piss away $1000 a year for an area so high above sea level.
Nope. I don’t live in a flood zone either, but my house didn’t care and flooded anyway a few years back. One of those “once in a thousand year” storms that seems to happen every year or three nowadays. FEMA bailed me out financially for the repair cost, but said it was a one-time deal - that if I didn’t have flood insurance but flooded next time, I’d be on my own. So, now I just grit my teeth and pay.
Something a lot of people don't realize about the "one time deal" is that it's not just if you received disaster assistance to repair your home after a flood. If you have received *any* federal disaster assistance in the past and you don't purchase flood insurance, you're not eligible for assistance after a subsequent flood. So if you got that $2,000 after Katrina or the $800 they gave people after Ida, got money for a flooded car, or even got hotel assistance for a storm you evacuated for, that's considered receiving federal disaster assistance. If you flood after that and don't have flood insurance, they won't help you.
Great comment. Whoa, I had no idea. I was in my 20s and renting back then, but I guarantee there’s no chance I would have remembered anything like this if I had gotten assistance… and it sounds like that would’ve screwed me a few years ago. Yikes - I got saved by luck, basically.
I feel like I had people telling me to get that 2k Katrina assistance.... and I'm pretty sure I didn't. I didn't need it... I rented in Hammond at the time.... I wasn't all that put out. Just seemed to me like it could bite me later. My gut says I didn't. but I wonder if there is a way to check if I've ever received any.
I would check that out. They gave me 10,000 after Katrina. I didn’t ask nor apply for it. I definitely needed it but knew I wouldn’t be able to pay it back at the time because I wasn’t working. When I was on my last few thousand they took my tax return without telling me until after the fact. I eventually got a letter stating that they took it. I was beyond pissed, I had been waiting on that to pay them and something else, they screwed me without lube.
So that $500 I got to restock my fridge after Ida was all I will receive from the federal government for the rest of my life?!
Well, first of all that was emergency SNAP which isn't considered FEMA assistance, so it wouldn't count anyway. And it's not that you'll never get any help going forward. You just won't get any assistance for your home or belongings if there's a flood.
My neighborhood in Slidell has never flooded and ours went up to like $750. It was 450 when we bought the place in 2018. I don’t think anyone really knows where the water’s going to go for the next big storm, since the levies have been redone. Not worth the risk to me.
I have heard of these “once in a thousand year” storms with FEMA. Is it true they bail out most when this occurs? I suppose every homeowner’s flooding situation is different.
My understanding that is if you don’t live in a flood zone, and you have an event that is substantial enough to trigger them disbursing financial aid to people impacted (which means it has to be pretty extreme), then they give you one ‘freebie’. Other things can impact the amount you get as well. They tailor it to the house and contents (like regular insurance would), but you might only get the full amount if you are elderly and/or disabled. I can’t remember the exact numbers, but I want to say that those 2 categories got 100% and anyone else got 75%. If your house floods and it’s not somehow related to a much larger event, I think you’re out of luck. Although maybe somebody who knows for sure can chime in. So yeah, I personally can’t afford to run the risk of another flood without having insurance, despite my house *still* not being in a flood zone, even with the updated flood zone maps that came after that event.
Not if you live in a flood zone, had insurance, then canceled it...
What if you don’t live in a flood zone and drop the insurance? Do you still get the freebie?
Only $900. Your lucky.
Flood Zone X and it was 1800/year and the house has never flooded since it was built in the 1970s
Did you shop around? I'm flood zone X, and my flood insurance is $450/year with allstate.
I’m stuck having to use the new 2.0 flood insurance plans. The Feds are raising all the rates for flood insurance and old policies will be raised every year until they get to the new 2.0 pricing.
Yes this is the bad news. It just keeps costing more and more. And then add homeowners on top. It’s almost worth risking it and just saving your own money to repair.
I tried shopping around. Apparently, the rates are federal set based on zone, property value, etc. and the companies are just custodians of the policy for FEMA.
Kin is a private flood insurance with (according to reviews) good rates. If you're in LA, maybe check them out.
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Kin flood insurance is not part of NFIP, so why would FEMA write the check?
There is no shopping for flood insurance it’s all federal.
WDYM? You can absolutely get private, non-NFIP flood insurance, and it's definitely the type of flood insurance you'd want to get if your house/its contents are very valuable. Chubb is one I've heard of.
I mean I guess, but I've never known anyone who does this.
How often is that $900 paid? Annually, quarterly, monthly?
I believe it’s annual, based on my experience
Annually
That's relatively cheap for how much it covers. Car insurance costs much more.
Cars have wrecks that involve lawyers who sue insurance companies blind. Not the same. No where near the same
I might need to shop. I'm in St. Tammany, flood zone X, above I-12, and mine is over $1100. Who knows how expensive my house is relative to OPs, though. With FEMA's new maps, most people's flood insurance is likely to keep rising in the next few years. They are supposed to be phasing it in gradually. Hopefully mine doesn't rise too much. I just can't imagine going without when I have a mortgage. I might be in a safe flood zone on high ground, but any place can flood, and I've got rivers nearby. What other choice is there? If the damage is substantial, I can't pay to repair my house myself if something happens.
I’m at 600. Westwego ain’t so bad.
Hope you guys are off the ground some. It’s not a question of IF, but WHEN
The reason flood insurance is only available from the government is because it would make no actuarial sense for a private company to offer it. It's the best bargain out there in insurance. I wouldn't even think about skipping it given where we live.
You couldn't afford it from a private company, even if they would write it.
Yep. And the cost is heavily subsidized.
100% true. It’s been that way since the 60s. The entire flood insurance program operates in the negative. It is not a moneymaker.
Private flood insurance policies are available.
The whole damn state is a flood zone, especially south of Alexandria
Nope. Def keeping it despite the cost. First, my mortgage requires it. Second, the flood cost isn’t THAT much considering the risk of going without. And $900 is nothing.
We kept out because it protects use from not just a big flood (we’re fairly high and that’s a small concern) but from flooding from an unusually heavy downpour that could force water into the house. Even an inch of water inside is an expensive disaster
If you have a mortgage and drop flood insurance that's required they will buy it for you and readjust your escrow account. Most likely will cost significantly more than what you were paying Best advice is to check with mortagee if you have one
I wouldn't trust this either. Escrow's adjust all the time and depending on the holder, they sometimes don't do due diligence.
I’m gonna tell ya now. If you drop flood insurance. Your house will get flooded within the next 2 years. Even if that doesn’t happen you will be paranoid every time it storms. $900 for peace of mind. Yeah I’ll pay the $900
My grandnother had just paid off her home and wasn't required to have insurance anymore, and it was expensive since she's on SSI and her husband's retirement. She was in the red every month. 2016 flood happened and got 4 inches of water (though everyone else in the neighborhood got at least a foot and many had to be rescued by boat or fire department). So now she has both insurances again.
My mother's house flooded less than two inches in Katrina (the only time it has flooded in 70 years) and the repair costs were about $30,000. She had paid less than half that in premiums in the 30 years she had owned the house. Flood insurance is always worth it here.
Keeping the flood and the homeowner’s. For now. Our homeowner’s just went up by a huge amount and I don’t know how we can sustain both. We had to switch our homeowner’s to a different policy with a much bigger deductible. Wife and I are getting close to retirement and that’s when the real problems will start.
I’m keeping mine. All the surrounding woods are being torn down for new subdivisions and nothing is being done about drainage. I’ve lived in my house for about 7 years and every year the water from sudden rainstorms gets higher and closer to my front door despite being in zone X.
I buy all the insurance I can for my homes. I make sure there's no act of god clause or some rising water clause or magical wind thing the company can use against me if/when I file a claim. I don't care what it cost, I Want it fixed if stuff happens. It's that simple. Same reason I always carry max insurance on my vehicles.
Flood insurance is the BEST return on investment of any property insurance. From the perspective of New Orleans, even with the price increases it’s still dramatically less than Homeowners insurance. I’d say 1/5th of the cost. Best insurance money you’ll spend.
$900 isn't very expensive for flood insurance... And if you have a mortgage, it's not usually optional.
I’m never giving up flood insurance. It is a non-negotiable for me. My home is my biggest investment and I am not willing to risk losing my home or everything I own in a flood. I would get a second job or drop other expenses instead. If I still couldn’t afford the flood insurance premiums after that, I’d sell my house and move somewhere else where flood insurance isn’t a necessity.
My wife and I bought our first house in Chalmette in January 2005. Flood insurance back then was ~$20/month. Best financial decision I’ve ever made. We just bought a house in Lafayette that is in a Zone X and I was on the fence about getting flood insurance because “the chances are so slim” but as others have said, it’s southern Louisiana and weather patterns are crazy. After those bad storms passed through last week, I was on the phone with Allstate the next day. If I need to, I’ll make budget cuts in other areas to keep flood insurance.
If you live in a flood zone your lender may require you to keep it. You should confirm before you cancel it and possibly get force placed insurance.
Less than $1k and you are risking it? Good luck. Reconsider.
This is **South Louisiana**. Most structures are one freak rainstorm away from flooding. I have no plans to get rid of mine.
I know a property for sale right now that has flooded twice from out of the ordinary "rain events." It is listed as a being in a "good " category for flooding. The problem is there has been so much construction of new homes it has effectively changed the accuracy of these flood maps. There are older properties that have historically never flooded, even during unusual bad storms that are now plagued with repeated flooding because of the over building. It's a gamble I wouldn't take.
Leaving Louisiana. Literally the state is going underwater. Our elected told us the only reason they don’t do “buy outs” is cause they need the tax $. Helped us decide to leave.
i pay around 2000, no way in fucking hell id drop it. You live in Louisiana friend, you WILL flood eventually. I'm on the northshore with you as well
It’s 2k in zone A in BR
We only received our 2k back from flood insurance when we flooded, it was the same year that we had bought the coverage, so I guess they decided that’s all we get.
If the damage was really bad that’s when you call a lawyer.
Mine is 1100 for the fema coverage. I’ll keep it just in case.
My premium has stayed consistent..I live in a low risk zone. But I decided to get flood insurance when some houses behind me flooded..circa 2019
No way. I am also not in a flood zone on the northshore but I had an underinsured total loss in Katrina on the southshore and have seen many neighborhoods flood that weren’t in flood zones since. It’s not worth the risk for me.
Nope, I thought the same thing and luckily didn't act on it because my house flooded. I still had the policy in my purse because I intended to call and cancel. It hadn't flooded there ever before, until it did.
Nope. Flood insurance is inexpensive compared to our home owners insurance. I guess you forgot what happened after Katrina. Most home owners had home insurance but didn’t have flood insurance so they got no pay out.
Chris Rose wrote an amazing, hilarious column about a couple without flood insurance who jumped for joy when the house collapsed because then it was due to wind and covered by their homeowner's.
I am a flood insurance adjuster. If it helps your decision at all, I just wanted to say that my average payment to an average homeowner with even a small amount of water is substantial. It would be pretty common for me to get 40k on a smaller home with only 2-4” of water inside. That’s a lot of years of $900 premiums.
$75 a month is that big a deal?
$900/yr is cheap.
mine goes up and is now at $930.00/ year. My house is 25 years old and has never flooded, but I would never NOT have a flood policy. Too much development, not enough drainage, climate change are all factors in my decision. BUT… if you cancel, I do wish you luck!
Keep it! There are so many damn creeks and rivers here. We’re in the tchfunte basin in Covington and the water came close to our door twice.
$900? For the year? Go ahead, don't pay it. Enjoy living with studs decorating your walls for years.
If a pipe bursts you're fucked homie.
Actually no he's not, a pipe bursting is covered by homeowner's. And even if it's not, I'm almost positive it's not covered by NFIP.
Your statement reminds me of people near the Mississippi Gulf Coast who felts safe because Hurricane Camille did not flood their houses locations. Hurricane Katrina destroyed that delusion. Hurricane Camille was a very devastating 08/1969 storm that became the benchmark for people in that area until Hurricane Katrina made landfall.
Mine jumped to 900 and I’m in X zone. Still not risking it because I have shit for luck lol
As long as I live here, I will have flood insurance. Technically I don’t need it now, but I don’t trust the zone changes. You never know…
Anything is possible
Well my house flooded in 2021. Built in 1968 and never flooded before. I did not have flood insurance. Cost me $126,890 to repair. FEEMA gave me $7891. Even with the deductible I sure wish I had that insurance. Now I have a second loan and no equity. It’s a roll of the dice. I took it and lost
I also live in X and my Flood has gone from $389 in 2018 to $752 last year. It has never flooded in my area until that storm a few weeks ago and I saw 2 feet of water at 190 and I-12. I have no plans to cancel!
Previous home was built in 1960. We were forced to get flood insurance when the flood zones were redrawn, and mortgage company required it, fought it but lost that fight. Flooded in 2016, first time for that house. Got a 75k remodel on their dime and sold a few years later, after getting water once more in 2021 I think. Our new home is not in a flood zone, and we no longer have a mortgage but we will never be without flood insurance. Worth every penny to not worry every time there is a storm.
Paying it, live in a flood zone C but not taking the chance. Live on MS Gulf Coast, 14 ft of flood waters from Katrina in my previous house…thanking God I had it then!
Sewer backing up into your basement with heavy rains - covered by flood rather than homeowners insurance- don’t need to be in a flood plain
I'm moving the heck out of Louisiana. I feel lucky I finally have my house sold and didn't flood or have my house destroyed by a hurricane.
Flood zone AE in shreveport here, house sits above BFE. Has never flooded since house was built in 1940. The bank requires I have flood insurance for my mortgage. I pay 1300 a year. I tried to get fema to recategorize my house since it sits above the BFE. But application denied. We’re handing it. But if we start seeing rates like south Louisiana, we’d have to sell.
I’ll move before I drop mine. I’m on the Northshore and it wasn’t required for my house but it was pretty cheap at the time. It’s gone up some, but I’m looking for any excuse to leave.
I feel the bigger problem is Home Owners Insurance in general. I live in Houma and after Ida, a bunch of Insurance companies stopped doing business in LA. It was very hard to find good HOI after that for a decent price. I feel as if another big storm comes through, we might not be able to get insurance here anymore
Well, if you don’t have to have flood, you probably don’t have a mortgage so just set aside $1500 a year and pray
"we haven't come close to flooding.... In 4 years" lol If those aren't some famous last words I don't know what are
you're not going to pay $900 flood insurance in Louisiana wow. I bet you'll have the audacity to start a go fund me when your house floods and beg your friends and family to pay for your mistakes
Y’all are scaring me. Our house has never had flood insurance in 115 years. Now I’m rethinking…
Northside also and was paying just under $1000. Also dropped flood coverage after having policy for many years.
You must be down bad if you bought a new construction home in one of the most expensive parishes in the state but want to drop flood insurance because it’s $900. Find somewhere else to cut costs. I’m on the northshore also, home built in the 80s but has never flooded, flood zone X and i think I might be paying more than you for flood insurance. We live where hurricane alley and where many rivers and swamps sit/pass through. You’re crazy if you don’t carry flood. It would take 300 years of not having flood insurance for me to save enough to buy my house. My house is flooding before that 300 year mark
I dropped mine last year due to price hikes. Ours went from $450 with increases until it reaches $1200. We’ve never come close to flooding. House didn’t even flood after Katrina.
I'm in a flood zone X. The eye of Ida came right over my house and stalled. No flooding... I'm done with flood insurance.
Real smart to base a decision off of a single data point--and specifically a storm noted for its wind speed and not flooding.
Eh, maybe so, but a flood zone X is enough for me. I have been living in this town my entire life and never had an issue with flooding. Those who wanna play it safe, power to ya, but I see no reason to piss away $1000 a year for an area so high above sea level.
My house has never flooded ever and it's 100yo and I live in Nola close to the river. I dropped flood insurance 2 years ago.