House flooded

Complex Kid said

It is one of the options in the Severe Repetitive Loss Program:


• Acquisition or relocation of at-risk structures and conversion of the property to open space;
• Elevation of existing structures; or
• Dry floodproofing of historic properties

https://www.fema.gov/pdf/nfip/manual201205/content/20_srl.pdf

At this point I'm good with any of those.

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yeah i meant in my 25 years in insurance, ive never heard of FEMA buying the property to become "open space" - they may do in very rural areas, but in metropolitan areas, it would cost them 3x the cost to elevate to give you FMV for your home. FEMA would be broke, flood insurance would be cost-prohibitive and we would be up schitts creek in S LA.

Baton Rouge got it again Tuesday as well. i have 2 clients in BR now doing tear outs. One is BACK in Lake Charles as well on a 6000 sq ft home they JUST FINISHED IN MARCH from 2020 Hurricane.

I dont remember a time when we have had this much precipitation to start the year.