Cypremort point flood insurance help

[Raymond]

Originally Posted by Texxan1

if by chance your building a new camp. You will get a 15% deduction on price for every foot (up to 4') above the BFE you build your house. So if you build new, build HIGH.

When I built my house in galveston after Ike, we built it 5.9ft above the minimum BFE and our flood insurance is $214 a year for a house valued at 240K. New NFIP does not cover anything downstairs except electrical and a 300sf space for storage....However, we have 1000sf enclosed downstairs consisting of a fishing room, shop for my wife and a huge garage.

NFIP is changing the flood maps, so be very sure of what the BFE( base flood elevation) has to be before buying an existing house, or building a new one.

Somewhat correct; flood yes you will get the discount, wind will be a multiple of 4 times what ground level would cost. Most of my companies stop at 10' bottom floor and don't want anything higher due to wind issues. Citizen is the only one who has to write in coastal zones and they make sure they get atleast one kidney and half a lung for the trouble.