re: Senator John Kennedy introduces bills to address rising flood insurance costs

I live in South Lafourche. I have a small old wooden house on 3 foot piers. At that elevation, the only time my house will flood is for a catastrophic hurricane with an over 14 foot storm surge and the levee over tops or breaks. Risk Rating 2.0 puts that risk for 100k in structure and 25k in contents at 3,500 a year in premiums. Because it is grandfathered in, my premiums have steadily risen from 299 a year to over 500 last year and this year will probably go up to over 600 this year. Couple that with the same amount of coverage, but no contents or liability coverage, I will pay 2,000 for structure only coverage from my mortgage company. I am looking for a traditional policy, but agents have yet to call me back. At the rate of inflation of policy increases, I believe it is conceivable that I would need to pay close to 10k a year for just 100k in coverage in about 10 years. That is insanity.