Are flood insurance premiums more expensive in high-risk flood areas? | | Yes | 64% | | In most cases | 17% | | In some cases | 12% | | Not sure | 5% | | | | | Question: Are flood insurance premiums more expensive in high-risk flood areas? Top Answer (64% of 39 votes): Yes.
Answer: In some cases
Explanation: Not necessarily. It may be less expensive due to the likelihood of a flood occurrence. By more homeowners needing to purchase flood insurance, could very well bring the price down. | | Hazar Financial Services | Answer: Not sure
Explanation: Not sure | | Belocura Cabinetry | Answer: Yes
Explanation: Yes, if you live in a high-risk area your premiums will be higher, but you can offset that by having a higher deductible. | | Farmers Insurance-Chris Faverty Agency | | | ProMatcher | Answer: Yes
Explanation: Flood insurance rates vary depending on the zone. | | MetLife | Answer: In some cases
Explanation: Expense is relative. Many homes near water are expensive properties, but it's always more expensive not to have it. | | Lockhart's Insurance Services | Answer: Yes
Explanation: The flood insurance rates are based on the flood insurance mapping done by FEMA and the NFIP. (https://msc.fema.gov/portal/search?AddressQuery=95747#searchresultsanchor) | | G.L. Anderson Insurance Services, Inc |
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