Ever since the federal government allowed mortgage companies to set their own flood insurance minimum coverage, our rates have skyrocketed. Just got a notice from Chase that we need to increase our coverage by $5,720! Makes buying with cash all that more attractive.
Thanking for your lovely post of home improvement. We are trying what can process we apply - which my house look beautiful.
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Good Post .. Keep it up
ReplyDeleteI don't understand how Flood Insurance is not regulated and standardized, it seems relatively easy considering multiple insurance companies cover designated areas. I'm sure Federal, State and Local Governments have red zones, green zones and yellow zones indicating the likelihood of floods and regional risks. So why give the insurance companies the opportunity to gouge the local residents?
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