- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Flood insurance premiums in parts of Louisiana are about to skyrocket
Posted on 2/7/22 at 4:21 pm to Diseasefreeforall
Posted on 2/7/22 at 4:21 pm to Diseasefreeforall
quote:
They have made huge changes to the calculations:
FEMA is using better mapping and data analysis (AI I guess) to factor each individual property's risk instead of just going by what zone a property is in. This includes the attributes of the property itself like the elevation of the lowest floor in relation to the flood risk and the value of the property.
They are also incorporating finer detail in the risk assessment adding more variables to the types of floodings that could happen.
So the zone doesn't mean nearly as much as it did, it's the specific risk for the property.Plus the value of the property carries more weight
So how does this apply to homes in zone x who haven’t had to carry flood insurance thus far?
1
Posted on 2/7/22 at 4:44 pm to Earnest_P
quote:
So how does this apply to homes in zone x who haven’t had to carry flood insurance thus far?
If you now have to have flood insurance it likely means that your specific property has higher risk than the zone it's in since the calculations now seem to be much more about individual properties than zones.
They have to be determining these new individual risk assessments using artificial intelligence, there's no way they could do it manually. FEMA has big contracts with Palantir for this kind of stuff so maybe buy some PLTR to hopefully cover the cost of insurance. (I'm joking, this is not financial advice).
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News