Quote Originally Posted by Mr. Bloom View Post
All a function of the same economic environment...as I said, welcome to my life!
the economics are easy
There are FEMA flood zones, which will indicate if homes and businesses within those zones have a certain risk for flooding.
There's the actual elevation of your house and the BFE (which could have been revised post construction).
Then there's whether or not you are willing to pay the complete cost of recovery if you have a flood.

One other little tidbit... if you have flood insurance and have multiple flood events, there's a percentage of damage from the last event, after which you'll be required to raise (or raze) your house. I've seen homes that flooded after major rain storms in my neighborhood carpet was out on the street - that were being raised 3-4 ft. Fortunately for said lifting, small business loans are available. Pretty much, after a point, you have to do something to the structure of your house to reduce the risk.