House flooded

efil4stnias said
PLEASE listen.

My best friend of 40 years lived in Walker LA.

Called me one afternoon as i was driving home to ask about what he can do to lower his flood renewal. I said NOTHING. Pretend you didnt see it. Take the small increase in Escrow and move on.

HE didnt listen to me- removed his content coverage.

3 days later he had 4 ft of water in his home.

I know its a lot right now- home insurance costs up, flood rates up etc etc. But remember where you reside and that 1 inch of water in your home can be devastating.

To be fair, my escrow increase has hardly been “small”.

Flood insurance is up, but also homeowners is up, and property taxes are up due to increases in property values.

My monthly mortgage payment is over $500 more than it was when I bought the house in 2018 for $160k.

Escrow now makes up more than a third of my payment on a 15-year mortgage.

I can afford the increase, but I imagine a lot of people are having to make tough decisions these days.