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Insurance Rates can Vary Greatly, but ‘Everybody’s in a Flood Zone’

September 2, 2016

flood insuranceLots of flood insurance prices are being tossed around since high water overwhelmed tens of thousands of properties and their owners across south Louisiana.

The cost varies depending on location, but in low- to moderate-risk areas about $450 a year buys coverage for $250,000 worth of damage on a person’s primary residence and $100,000 worth of contents, said Terri Forsman, flood-risk coordinator for Louisiana Companies in Baton Rouge. The policies also carry two deductibles, $1,250 for the structure and $1,250 for contents.

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