Re: OT: followup on New Orleans - disgraceful


"John Woodgate" <jmw@xxxxxxxxxxxxxxxxxxxxxxxxx> wrote in message

> It's difficult for me to understand that. If the rates are based only
on
> the flood plain location, you pay the same if your home is 6 inches
> above the water or 100 feet?

The land is graduated off with lines indicating risk in terms of how
many years (on average) between the times when water rises to that
altitude. For example, there is a 50 year floodplain, a 100 year
floodplain, and a 500 year floodplain. There are also other divisions,
but these are the most common ones you hear about.

When I first moved to my house it was classified as being in a 500 year
floodplain. After the first flood, the maps were released showing me to
be within a 50 year plain. The excuse being that the maps had been
redrawn several years earlier, but they hadn't been distributed. Now I
am back in the 500 year floodplain, but my house hasn't moved. But I'm
fairly sure that it will have water in it long before another 500 years
go by. My flood insurance rate is based upon the floodplain I live in
and how much coverage I have. It doesn't matter who I purchase my
insurance from (excepting some esoteric rules), the price would be the
same since the rate is determined by FEMA. It would seem that people
purchasing flood insurance creates no added cost for Joerg's insurance
or even his taxes. I couldn't tell you if FEMA charges based upon the
actual costs they incur from year to year, or if it's only some fraction
though. I can tell you that flood insurance is not extremely expensive
for me, but then it only covers my property for one particular risk
(flooding).

Definition of a flood: Two or more adjacent properties covered by
water.

> Here in the land around the Thames Estuary, we have the current flood
> plain, a Fifty-Foot Beach and a Hundred Foot Beach, caused by changes
in
> sea level since around 65 million years ago. You can easily see them
if
> you know what to look for. Building on the flood plain is risky (see
> Canvey Island). Building on the Hundred Foot Beach level is pretty
safe.
> --
> Regards, John Woodgate, OOO - Own Opinions Only.
> If everything has been designed, a god designed evolution by natural
selection.
> http://www.jmwa.demon.co.uk Also see http://www.isce.org.uk

.

Relevant Pages

  • Re: OT: I received a virus with a fake greeting card probably connected with this group
    ... flood, not 500. ... FEMA handed those people checks (this was back when FEMA was being run ... We also have a 100 year flood plain area. ... flood insurance so they'll get *no* assistance if they get flooded ...
    (rec.crafts.textiles.needlework)
  • Re: oh dear, i didnt insure my house....
    ... who aren't idiotic enuf to buy a house on the flood plains.... ... Er..half of Britain is on a flood plain! ... had buildings insurance and then only cos they were forced to by their ...
    (uk.politics.misc)
  • Re: oh dear, i didnt insure my house....
    ... who aren't idiotic enuf to buy a house on the flood plains.... ... Er..half of Britain is on a flood plain! ... had buildings insurance and then only cos they were forced to by their ...
    (uk.politics.misc)
  • Re: oh dear, i didnt insure my house....
    ... It's also on a flood plane, which sometimes is a bit more complex than ... Lenders require flood insurance if you are on a flood plane. ... sure what the requirement is for a flood plain. ... Selected Illustrations from the Concise Columbia Encyclopedia. ...
    (uk.politics.misc)
  • Re: oh dear, i didnt insure my house....
    ... who aren't idiotic enuf to buy a house on the flood plains.... ... Er..half of Britain is on a flood plain! ... educate, educate, educate :-) ...
    (uk.politics.misc)