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Big Flood Insurance Changes
Chris Coleman comes back on the show to explain the significant changes in flood insurance policies from FEMA.
Key Discussion Points
[01:07] Opening remarks by Eric Odum & Steven Silverman
[04:33] About our guest: Chris Coleman
[06:32] Give us an overview of the changes occuring right now with flood insurance
[09:55] Is it fair to say those that don’t have flood risk are subsidizing those that do have flood risk?
[10:49] What are you seeing in terms of flood insurance rate increases?
[13:05] So people who’s flood policy will expire Jan 2022 are being notified of new flood policy – how is that working?
[13:58] What about the companies that can help you revaluate your flood zone?
[17:38] If the FEMA flood map showed an investor’s property’s base flood from 9 to 10, would you be able to tell the price increase?
[18:32] Would you encourage people who are not in a flood plain to still get an elevation certificate?
[19:35] Do you think climate change is affecting insurance and properties (other than flooding)?
[20:44] How can folks reach you?
[21:53] Closing comments by Eric & Steven
About our Guest
Chris Coleman and his brother Dave are founders of Coleman Insurance Agency based in Pinellas County, Florida. Chris is a returning guest who last was on the show in episode 8.