Last year I did some flood insurance adjusting so I can from experience. In the past FEMA would in fact cover repeated losses to the same dwellings. However, that trend is changing. If a structure repeatedly has losses an audit was required. In addition, if communities don’t enforce building guidelines the premiums will skyrocket. For the first time I’m seeing homes here abandoned because FEMA is making it difficult, or not possible for dwellings with repeated losses to participate.
After the 2016 flood our mayor was adamant about getting our community into a preferred risk class to keep premiums from going to the moon. Every home that filed a FEMA claim was inspected by the city building inspector. Any home considered to have major damage (damages representing more than 50% of the home’s market value) would only be permitted if it’s lowest floor was one foot above the base elevation. If the dwelling could not be permitted it was condemned.
Abrignac wrote:
