I keep reading these stories, hearing about new flood insurance costs and comparing the costs against a FEMA sponsored insurance payout calculator and shaking my head.
Recently I had a home buyer tell me that he had received a $5300 insurance quote for a property that might get two feet of water in a 1% storm event. He has to buy the full $250,000 coverage due to a mortgage, the calculator suggests a 1% storm might cause $90,000 in damages. It will cost about $40,000 to elevate the structure. Elevating the structure now will pay for itself in less than ten years.
My recommendation to flood prone properties remains elevate now, before a storm turns your life upside down.