Political Quotes

“To reduce their risk of flooding and therefore their monthly flood insurance premiums, people have paid to elevate their homes. It makes sense. If you get floodwaters, it works. And it costs anywhere from $25,000 to $40,000. If your foundation needs repair, there is another $25,000 on top of that. If you have to fully replace your foundation, that can be another $100,000. But if it lowers your flood insurance premiums, it can be a worthwhile investment. You lift your homes, and you may not flood. Here is this home, a similar home. You can see, whereas the neighbors are flooding in this one, an elevation like this prevents a flood, in this picture. That home is not flooding. Their insurance premium should go down. But after spending tens of thousands of dollars to mitigate one's risk of flooding, they are still seeing high insurance premiums. They are getting the worst of both worlds. They had to pay to elevate their home, successfully preventing flooding; despite that, they are having to pay much higher insurance premiums.”