That's strange; mine was somewhat more than $1K/yr, definitely not in a
flood zone.  Maybe there is some amount the state chips in above what the
muni pays.

Or maybe my State Farm agent hates me, and decided it wasn't worth the
commission, or she's planning to come flood my house and buy it out from
under me. :)

Best,
-Tim


On Tue, Jan 29, 2013 at 2:40 PM, Dan Penoff <d...@penoff.com> wrote:

> Really?
>
> I am just slightly out of a 500 year flood zone and my flood insurance is
> about $250/year.
>
> The prices are set by the government, so if you're not in a flood zone I
> can't imagine yours would be more, as we are in the lowest bracket.
>
> Dan
>
> On Jan 29, 2013, at 2:36 PM, Tim C <bb...@crone.us> wrote:
>
> > On Tue, Jan 29, 2013 at 1:55 PM, Brian Toscano <brian.tosc...@gmail.com
> >wrote:
> >
> >> The federal government should not be in the business of flood insurance.
> >> If State Farm, etc wants to offer flood insurance they can be my guest.
> >>
> >
> > A little late for that, they already do - sure it's subsidized in many
> > places but the end-user still pays.  You can't change a policy after the
> > fact.
> >
> > Interestingly, I live nowhere near a flood zone, and my house is on the
> top
> > of the hill.  We are 30 minutes from the nearest lake, 4 hours from the
> > coast.  The city does participate in the national flood insurance program
> > (there is some cost associated with that so I was a little surprised).
> >
> > I looked into flood insurance after the Katrina "wind+rain=flood damage"
> > nonsense from State Farm started to get publicized.  It would have more
> > than doubled my annual premium for just that one rider.  IMO I am much
> more
> > likely to suffer catastrophic wind+tree, or fire, or hail, or earthquake,
> > or drunk driver, or ... damage than I am to get flooded, but the costs
> did
> > not match that assessment.  Based on the news reporters' claims I was
> > surprised how expensive it actually was, even for my low-risk area.
> >
> > Best,
> > Tim
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