The problem there is that the national flood insurance program heavily subsidizes flood insurance and artificially drives down the cost of living in a flood zone.
Depends where your “flood zone” is… If your coastal you get heavy subsidies, if your inland (barring being near some large rivers and lakes) you are subsidizing the coast.
I have to pay flood insurance for a dry brook that hasn’t flooded in its history. It costs over $1,200 a year for my 160k house. If I could get private flood insurance the cost would be 2 to 300, possibly even less.
The problem there is that the national flood insurance program heavily subsidizes flood insurance and artificially drives down the cost of living in a flood zone.
Depends where your “flood zone” is… If your coastal you get heavy subsidies, if your inland (barring being near some large rivers and lakes) you are subsidizing the coast.
I have to pay flood insurance for a dry brook that hasn’t flooded in its history. It costs over $1,200 a year for my 160k house. If I could get private flood insurance the cost would be 2 to 300, possibly even less.