For fourteen years I have purchased flood insurance for my property and home. I purchase the flood insurance for three reasons.
1. My property and home is below grade.
2. Leaves from the city owned trees on my street tend to clog up the gutter causing the rain run off to backup and flow down into my driveway.
3. There is a fire hydrant across the street from my property on the corner. If someone takes it out, my property will flood.
When I started purchasing flood insurance fourteen years ago, the standard premium each year was $317.00. My property is not in a flood plain, my property is not required to be protected with flood insurance (FEMA). I purchase flood insurance voluntarily simply to have the extra protection.
For the past three years or so, FEMA suddenly is changing the rules causing flood insurance premiums to sky rocket for every property in a flood plain, also for every property in newly declared flood plains as determined by FEMA. Properties that have never been in a flood plain the previous 2014 years.
My property continues to remain out of the newly FEMA declared flood plains. But, my premium went up also. My premiums have increased each of the last three years. I now pay $449.00 for year 2014.
I received an email Monday this week from Aisha Knowles, Public Information Officer, Alameda County Fire Department. In her email, Aisha announced that FEMA awarded that organization $4.1 million Grant to hire and train new fire fighters for the county.
So, my thought is, how many counties across America is FEMA giving millions of dollars to in the form of grants. It certainly explains and identifies where the fees collected from increased flood insurance premium money is going.
Perhaps FEMA should increase fire insurance premiums for property owners in high fire hazard areas, and for those folks that continue to build in high fire hazard areas after having been burnt out.
Properties not located in flood plains, properties not required to purchase FEMA flood insurance, property owners that voluntarily purchase FEMA flood insurance should be given a bye. The property owners that build and or continue to reside in declared flood plains and have experienced flooding and rebuild should be subjected to higher flood insurance premiums.