Florida Homeowners Seeing Flood Insurance Sticker Shock
January 9, 2022
ABC affiliate WFTS TV in Tampa has an excellent report.
New flood maps mean homeowners are required to buy flood insurance as part of their mortgage contracts.
So many middle Americans are going to be smacked in the face by insurance costs, and sooner than they think.
People that follow my Yale Climate Connections series will be less surprised. I’m really trying to help here, folks.
January 9, 2022 at 11:40 pm
A lot more to think and plan about in buying a home in these times, especially in areas like Florida.
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“As the footprint of climate change becomes clearer, the ability of homes to withstand the accelerating impacts of climate change and extreme weather is turning into a significant challenge.”
https://www.abc.net.au/news/2022-01-10/people-building-for-climate-change/100704084
January 9, 2022 at 11:52 pm
Much of Florida, including Tampa, is built on karst, limestone partially dissolved by underwater flows of even mildly acidic water. (While early channel formation is due to chemical dissolution, larger channels can also grow due to the erosion from fast volumes of water.)
Cycles of filling and emptying near the top of the water table (as with tides) can stress rocks, leading to more sinkholes, too.