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re: Flood insurance premiums in parts of Louisiana are about to skyrocket
Posted on 2/7/22 at 3:57 pm to TDsngumbo
Posted on 2/7/22 at 3:57 pm to TDsngumbo
quote:
No, if they’re designating an area as zone x then they themselves are admitting that that particular area is not prone to flooding. I know there are floods in zone x areas every year but statistically speaking, x’s aren’t prone to flooding.
ideals and reality aren't always the same. the way the 2.0 rating system works is its actually rating the individual risk of the home to risk of flooding...
was quoting a house in madisonville the other day, new construction, no elevation certificate yet, has split flood zone on property. the rate was coming back a hair cheaper being in A zone vs coding it as X zone.
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