Quote:
Originally Posted by Michael G.
We had flood insurance from FEMA the first 4 years down here.
We weren't in any flood zone, and the first year was still $395,00 annual premium.
Then as years went by the premiums kept creeping higher.
The last years premium was $485.00, needless to say I cancelled the policy.
Image what I'd pay to be in a flood zone???
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Having had a house in a flood zone, it would cost several thousand dollars for about $250,000 of coverage. You then had to buy coverage from someone like Lloyds of London for the remainder. Very pricey indeed.