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Started By
Message
re: Risk 2.0 - FEMA Finnda Eat!
Posted on 3/25/22 at 6:26 am to meeple
Posted on 3/25/22 at 6:26 am to meeple
quote:
Just got my renewal notice in. It increase a little over $100, so about $700 total. This reflects the aforementioned 18%/year max increase. We're in zone X. There is a note that this reflects the new pricing methodology for Risk Rating 2.0 Phase II Renewals.
How is everyone else doing with this?
Same zone and numbers as you. Gonna pay it even though this property has never flooded. Can’t risk it for that price. Hoping it doesn’t do this every year. Like always, following the rules and getting screwed by it.
3
Posted on 3/25/22 at 6:29 am to OldHickory
I need to check into this. I’m an X flood zone that doesn’t flood, but just being in S. LA makes me always want to have flood insurance. Hopefully ours isn’t increasing much.
Posted on 3/25/22 at 6:30 am to OldHickory
quote:
quote:
Just got my renewal notice in. It increase a little over $100, so about $700 total. This reflects the aforementioned 18%/year max increase. We're in zone X. There is a note that this reflects the new pricing methodology for Risk Rating 2.0 Phase II Renewals.
How is everyone else doing with this?
Same zone and numbers as you. Gonna pay it even though this property has never flooded. Can’t risk it for that price. Hoping it doesn’t do this every year. Like always, following the rules and getting screwed by it.
Lose your house without flood insurance and tell me that $700 isn’t worth it. Best money that no one spends. I’ll never not have it again.
Posted on 3/25/22 at 6:34 am to OldHickory
quote:
Hoping it doesn’t do this every year.
It’ll be 18% every year until you reach the new rate.
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