FEMA tells Plaquemines Parish that massive insurance rate increases are coming | TigerDroppings.com
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Placebeaux
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FEMA tells Plaquemines Parish that massive insurance rate increases are coming

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quote:

Basically, the NFIP Reform Act means that the federal government will no longer subsidize insurance rates in areas with certain classes of risk. Instead, the insurance rates will “accurately reflect current risk of flood to such property.” For Plaquemines residents, those rates will largely depend on the revised or updated flood insurance rate maps. Any increase in the risk premium will be phased in over a five-year period


quote:

Based on initial FEMA estimates, the new NFIP premiums for a $250,000 single-family, one-story home in a high- to moderate-risk zone that sits 4 feet below base flood elevations could come to $9,500 a year. If the structure is at the base flood elevation level, it still would cost about $1,410 a year.


I grew up in Plaquemines Parish and I got to say it's a damn shame what the government is doing to the people down there. I don't know how they can justify this. In 40 years it's only flooded once in lower plaquemines.





Rickety Cricket
Navy Fan
Premium Member
Member since Aug 2007
37786 posts

re: FEMA tells Plaquemines Parish that massive insurance rate increases are coming
I assume Billy Nungesser is frantically searching for TV cameras to get in front of


MoreOrLes
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Member since Nov 2008
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re: FEMA tells Plaquemines Parish that massive insurance rate increases are coming
Well it will certainly hurt prop values for sure.



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buddhavista
Member since Jul 2012
3543 posts

re: FEMA tells Plaquemines Parish that massive insurance rate increases are coming
quote:

In 40 years it's only flooded once in lower plaquemines.

then it makes total sense for them to cover their insurance out of risk. Why should taxpayers subsidize something of such low risk? Or of any risk, really.


Placebeaux
LSU Fan
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Member since Jun 2008
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re: FEMA tells Plaquemines Parish that massive insurance rate increases are coming
quote:

I assume Billy Nungesser is frantically searching for TV cameras to get in front of


Fat MF needs two tv cameras to get the whole story.


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Placebeaux
LSU Fan
One man's LOL is another man's WTF
Member since Jun 2008
26398 posts

re: FEMA tells Plaquemines Parish that massive insurance rate increases are coming
quote:

then it makes total sense for them to cover their insurance out of risk. Why should taxpayers subsidize something of such low risk? Or of any risk, really.


Well the government has a "superfund" for oil spills. I would say that is high risk.


buddhavista
Member since Jul 2012
3543 posts

re: FEMA tells Plaquemines Parish that massive insurance rate increases are coming
quote:

then it makes total sense for them to cover their insurance out of risk. Why should taxpayers subsidize something of such low risk? Or of any risk, really.


Well the government has a "superfund" for oil spills. I would say that is high risk.

so gov't should absorb all the risks of home ownership. Should they have a fund for house fires? What about hail damage? Do you believe that homeowners bear no responsibility for the safety of their possessions?


WildTchoupitoulas
"Tombstone"
Member since Jan 2010
17732 posts

re: FEMA tells Plaquemines Parish that massive insurance rate increases are coming
quote:

I grew up in Plaquemines Parish and I got to say it's a damn shame what the government is doing to the people down there. I don't know how they can justify this. In 40 years it's only flooded once in lower plaquemines.

Maybe this'll make 'em stop building on slabs down there.

quote:

one-story home in a high- to moderate-risk zone that sits 4 feet below base flood elevations could come to $9,500 a year.


And hasn't it flooded three times in the last 6 years? Katrina, Rita and Isaac - not to mention Camille 40 years ago?



Placebeaux
LSU Fan
One man's LOL is another man's WTF
Member since Jun 2008
26398 posts

re: FEMA tells Plaquemines Parish that massive insurance rate increases are coming
quote:

so gov't should absorb all the risks of home ownership. Should they have a fund for house fires? What about hail damage? Do you believe that homeowners bear no responsibility for the safety of their possessions?


My point is, why is Plaquemines high risk? Certain parts of Florida have been hit more often by storms and you dont see them having to raise their homes 21ft.


NOLATide
Alabama Fan
New Orleans
Member since Jun 2007
2546 posts

re: FEMA tells Plaquemines Parish that massive insurance rate increases are coming
quote:

so gov't should absorb all the risks of home ownership. Should they have a fund for house fires? What about hail damage? Do you believe that homeowners bear no responsibility for the safety of their possessions?
Flood is different because it is controlled by levees and other river systems managed by the Federal Government.

Also, Did they raise the Base Flood Elevation by 17 feet after Katrina in Lakeview? what about "The Historic Lower 9"? I think not.


Placebeaux
LSU Fan
One man's LOL is another man's WTF
Member since Jun 2008
26398 posts

re: FEMA tells Plaquemines Parish that massive insurance rate increases are coming
quote:

And hasn't it flooded three times in the last 6 years? Katrina, Rita and Isaac - not to mention Camille 40 years ago?


Nope. Once for Katrina in lower Plaquemines. Rita doesnt count because the levees were broken and it still had standing water from Katrina. Isaac only flooded Ironton and the east bank. The east bank would not have flooded if it wernt for the flood wall that the ACE built after Katrina.


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buddhavista
Member since Jul 2012
3543 posts

re: FEMA tells Plaquemines Parish that massive insurance rate increases are coming
quote:

Flood is different because it is controlled by levees and other river systems managed by the Federal Government.

Its only different b.c you have been conditioned to believe so. There is no reason for me to subsidize the likelihoods of someone living in plaquemines parish.


Placebeaux
LSU Fan
One man's LOL is another man's WTF
Member since Jun 2008
26398 posts

re: FEMA tells Plaquemines Parish that massive insurance rate increases are coming
quote:

Also, Did they raise the Base Flood Elevation by 17 feet after Katrina in Lakeview? what about "The Historic Lower 9"? I think not.


This.


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Placebeaux
LSU Fan
One man's LOL is another man's WTF
Member since Jun 2008
26398 posts

re: FEMA tells Plaquemines Parish that massive insurance rate increases are coming
quote:

There is no reason for me to subsidize the likelihoods of someone living in plaquemines parish.


?


CptRusty
New Orleans Saints Fan
We are the ones who knock
Member since Aug 2011
4324 posts

re: FEMA tells Plaquemines Parish that massive insurance rate increases are coming
quote:

the NFIP Reform Act means that the federal government will no longer subsidize insurance rates in areas with certain classes of risk.


You're telling me...the government subsidizes insurance for certain high risk areas?

What a crock of shit! No better than welfare if you ask me


Placebeaux
LSU Fan
One man's LOL is another man's WTF
Member since Jun 2008
26398 posts

re: FEMA tells Plaquemines Parish that massive insurance rate increases are coming
quote:

What a crock of shit! No better than welfare if you ask me


brah


tigeraddict
LSU Fan
Baton Rouge
Member since Mar 2007
4888 posts

re: FEMA tells Plaquemines Parish that massive insurance rate increases are coming
insurance is all about risk to premium

since Katrina how many floods?

100 year flood zone, FEMA site states there is a 26% chance that the house will flood in a course of a 30 year mortgage



tigeraddict
LSU Fan
Baton Rouge
Member since Mar 2007
4888 posts

re: FEMA tells Plaquemines Parish that massive insurance rate increases are coming
quote:

Also, Did they raise the Base Flood Elevation by 17 feet after Katrina in Lakeview? what about "The Historic Lower 9"? I think not.





guy i work with is trying to close on a house in Denham area. just found out the $180k house will require $4000/year flood insurance.

was above flood stage pre 2012 maps, now 14" below in current maps.....

flood insurance program has taken some rather high hits in past 10 years... Sandy, Katrina, Rita, Isaac, Mississippi river flooding, Florida hurricanes , ect.....


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Placebeaux
LSU Fan
One man's LOL is another man's WTF
Member since Jun 2008
26398 posts

re: FEMA tells Plaquemines Parish that massive insurance rate increases are coming
quote:

since Katrina how many floods?


In lower plaquemines. NONE


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buddhavista
Member since Jul 2012
3543 posts

re: FEMA tells Plaquemines Parish that massive insurance rate increases are coming
spell check, likelihood.


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