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05-11-2016, 09:39 AM
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Sage
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Join Date: May 2014
Posts: 3,695
Thanks: 2
Thanked 1,258 Times in 725 Posts
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Yes, I always found the $250K limit on a residential structure to be a bit odd.
Quote:
Originally Posted by outlaw
I think there is something going on in the legislature to try and work this for residents. I think, now, you can buy private flood insurance. One thing I thought was interesting; when I researched FEMA flood insurance years ago, the coverage was limited to $250,000. After hurricane Opal?, people I knew, who had their house destroyed, could only recover $250K. The cost to rebuild above $250K was on them.
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