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<blockquote data-quote="inactive" data-source="post: 3239397" data-attributes="member: 7488">I&#039;m not 100% on the up and up for flood insurance, but that&#039;s the gist of it as I understand it.&nbsp; The premiums rise when you have a claim, just like most other policies.&nbsp; Encouraging you to hopefully you use the claim monies to clean up the site then get yourself to higher ground for your next home.Also the deductibles are structured where the premium discount is heavily skewed towards higher deductibles.&nbsp; Like, up to $40,000 deductibles.&nbsp; Meaning if you keep a low deductible, you&#039;re paying through the nose for your monthly premium.&nbsp; So it&#039;s not perfect, but they&#039;ve made (some, though maybe half-azzed) efforts to price the policies commensurate with the risk and get people out of those places.&nbsp; But really it&#039;s just led to more people passing on purchasing the policies at all and just hoping it doesn&#039;t flood.</blockquote>

[QUOTE="inactive, post: 3239397, member: 7488"] I'm not 100% on the up and up for flood insurance, but that's the gist of it as I understand it. The premiums rise when you have a claim, just like most other policies. Encouraging you to hopefully you use the claim monies to clean up the site then get yourself to higher ground for your next home. Also the deductibles are structured where the premium discount is heavily skewed towards higher deductibles. Like, up to $40,000 deductibles. Meaning if you keep a low deductible, you're paying through the nose for your monthly premium. So it's not perfect, but they've made (some, though maybe half-azzed) efforts to price the policies commensurate with the risk and get people out of those places. But really it's just led to more people passing on purchasing the policies at all and just hoping it doesn't flood. [/QUOTE]

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