House flooded

brandon8283 said

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.

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I understand that a very large contingent is in exact same position with having to make extremely tough choices.

All I'm saying is look everywhere you can before making changes. If his home is on realively high ground, no history of flooding, then he has to assess his risk retention. If he is mortgaged, he may not have a choice. Idk

All I'm saying is I have seen it all too often...friends, clients etc. Remove, delete or lower coverage and bam. Bad bad situation.