re: Anybody considering just dropping flood insurance with the rate increases?

quote:

---

I was perfectly happy handing them $500/year. Wonder how many yearly premiums they lose doing this.

---

Yeah my policy increased 18% this year. That's the max FEMA can increase it in a year. Next year, I expect it to increase another 18%, so forth and so on. Fully expect it with the risk rating 2.0 system.

quote:

---

considering just dropping flood insurance with the rate increases

---

I'm getting to this point. At 18' elevation now... Wondering what would have to happen to get that high where I'm at. Sustained storm surge in combination with record rainfall?

There is a point where people accept the risk and become "self insured," whether it be through savings or what have you.