National Flood Insurance Program

[Beach Runner]

I can't speak for condos, but for a single-family home not in a flood zone, 100 yards from the beach, and about 35 feet higher than beach level, it costs $348 a year for the maximum coverage allowed through NFIP ($250,000 building/$100,000 contents). Just got the statement yesterday. We purchased flood insurance after hearing about Katrina victims who were not reimbursed by their insurance companies because they were told that their homes were damaged by a flood, not a hurricane.

 

[Matt J]

I can't speak for condos, but for a single-family home not in a flood zone, 100 yards from the beach, and about 35 feet higher than beach level, it costs $348 a year for the maximum coverage allowed through NFIP ($250,000 building/$100,000 contents). Just got the statement yesterday. We purchased flood insurance after hearing about Katrina victims who were not reimbursed by their insurance companies because they were told that their homes were damaged by a flood, not a hurricane.

A lot of that was insurance companies (State Farm was one major example) weaseling out of claims.

 

[Beach Runner]

A lot of that was insurance companies (State Farm was one major example) weaseling out of claims.

I know. But I just didn't want to take a chance.

 

[Matt J]

I know. But I just didn't want to take a chance.

I don't blame you, just wait until you are the homeowner in the middle. Flood insurance claiming it's wind damage and home owners insurance claiming it's flood damage. Some friends of ours gave up and moved to Atlanta after Katrina.

 

[Beach Runner]

I don't blame you, just wait until you are the homeowner in the middle. Flood insurance claiming it's wind damage and home owners insurance claiming it's flood damage.

Don't tell me that dispute could be a possibility. I thought we had it covered.

 

[BeachSiO2]

Don't tell me that dispute could be a possibility. I thought we had it covered.

I had a friend of mine, Ph, D. in Coastal Engineering, hired to decide that fact for many properties in Mississippi. Was it the flood from the Gulf or because the structure was damaged and it was rained into? A qualified person can make that call fairly easily. Typically it was the flood and not wind/rain and these properties were located in flood zone X so they had never purchased the optional insurance and lost everything. Needless to say, I don't trust the flood maps in many areas.

 

[Matt J]

I had a friend of mine, Ph, D. in Coastal Engineering, hired to decide that fact for many properties in Mississippi. Was it the flood from the Gulf or because the structure was damaged and it was rained into? A qualified person can make that call fairly easily. Typically it was the flood and not wind/rain and these properties were located in flood zone X so they had never purchased the optional insurance and lost everything. Needless to say, I don't trust the flood maps in many areas.

If you're religious you shouldn't trust any flood map. ;-)

 

[grant blackwell]

Does anyone now someone who works for the National Flood insurance program? I have a question and would pay top $ for some advice. The help desk at NFIP can't help me.

Call Grant Blackwell at 850-699-8088 cell, or email gbcoastal@aol.com
he is our local FEMA/National Flood expert.

 

[grant blackwell]

National flood

more specifically, will pay $10,000 for the information I need. Nothing confidential, nothing illegal. Just need some public information but you need to work for the nfip to get the data I need

Call Grant Blackwell at 850-699-8088, or email gbcoastal@aol.com

 

[NotDeadYet]

So basically every 100 years, the condo in a VE zone was given a 100% chance of being destroyed with a flood and wind.

Incorrect. 100 year flood risk means that in any given one year, there is a 1% chance of a 100 year flood. You could have two of them in a row - if there was one last year, the risk for this year does not change. You could go two hundred years without one, and likewise, the risk this year does not change.