– Retired Seniors, lived in the house for 25 Years. Never flooded.
– Letter from the bank was “Traumatic, my wife was ballin’ (crying)” – Bank would buy flood ins. for $4,950 a year. – “When you are living on Social Security it’s a big shock”. – They found flood insurance for $1,700 a year, “but it will push them out of their home”. – “we have to move out, I can’t afford it anymore.”
This is happening right now to tens of thousands of homeowners across the country.