re: If you didn't flood in Baton Rouge are you now getting flood insurance?

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Simple things like new construction and road development affected how water drained and caused the flooding.

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Absolutely they have an affect.

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Personally, I think so much concrete is getting laid in Houston the water is being forced to areas that cannot handle it.

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That's probably a significant factor in what nurse is talking about in AZ as well.

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I know the risk. And after gutting houses for 5 days I've decided I never want to ever have to deal with this myself. I'm going to look into exact cost. But I know flood insurance isn't cheap, and not one house in my neighborhood was even close to being threatened by this flood.

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This may have been covered in this thread already, but just because you live in a $300k home that stayed dry doesn't mean you have to purchase a $250k policy. If you didn't get water and you think the most you could feasibly get is a foot or two, you can opt for a $50k policy with $20k contents coverage for like $300/year.

Very few people who didn't get water have any reason to insure their entire home, but some flood insurance is still a good idea.

no

$450 is a max preferred risk policy. I am assuming this is what you are speaking of. If so your deductible is set at $1250. No changing to higher to lower the premium

the rate, coverages, and deductibles are static for a preferred risk policy

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I know people who flood every time I piss outside, yet they didn't flood this time.

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You're full of shite, or these people dont' live anywhere near this flooding event. If they do live in the area, and didn't flood from the giant piss that fell for 3 days straight, then they don't flood every time you piss outside. So in closing, you're full of shite.

I am not getting flood insurance. My house is built up high in the neighborhood. No one in my neighborhood flooded, even the people that are in a flood zone. If I didn't flood for this, I dont' know what it would take for me to flood. I'd rather take the risk instead of throwing away $500 every year for something that is so unlikely to happen, and if it does happen, a $50k low interest loan would not bother me. My kitchen and bathrooms need to be redone anyway.

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I am not saying I won't get flood insurance now but I read in advocate that his type of storm has essentially 0.2-0.3% have of Happening in a year

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Those percentages are based on 100 or so years worth of data. They're hardly the end all, be all, and could be way off in either direction.

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If your house didn't flood Pretty irrational to get it for those low chances and the chances will be much lower for the event where your house does flood.

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But the risk doesn't go away. You may think the cost is ridiculous @ $40/month, but you should still self insure by understanding the risks and potential costs. Doing nothing is asinine.

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flood insurance policies do have coinsurance clauses.

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You seem pretty well versed. Am I correct assuming that I can buy a $50k/$20k contents policy on a $200k home in a preferred risk area? I was able to get a quote from Geico going that route, but it was online, so I'm not sure if can still be done that way officially.

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Am I correct assuming that I can buy a $50k/$20k contents policy on a $200k home in a preferred risk area?

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You can buy it but you are also subject to coinsurance clause penalties come the event of a claim. if you are deemed to only be carrying 25% of your replacement cost of home, they can basically only pay your 25% of your claim. They aren't just going to give you your first 50k of flood damages while you were under insuring your home.

also you are only saving annually $154 by dropping from the 200k/80k option.

Nope. You got a 400k house and buy max of 250k, can't penalize you. You got a 300k house and one only wants 100k... Lookout that's a coinsurance issue. People think they only need to cover what they owe on a bank loan and that isn't correct.