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Divernan

(15,480 posts)
2. If you have friends or family living in coastal flood plains/waterfront properties
Mon Aug 19, 2013, 09:00 AM
Aug 2013

Ask them to consider this. Can they afford to take a total loss on their property? Can they afford an increase in flood plain insurance to $15,000-20,000 a year? If not, urge them to sell their property while there are still climate change deniers out there foolish enough to purchase in a flood plain (and that window of opportunity is shrinking with every news story/report like the OP's link). Then either move somewhere on higher ground, OR if they are determined to remain in their present location, rent or short term lease a property. And keep in mind that landlords may opt out of flood plain insurance, and it may be prohibitively expensive to get renter's insurance, so a second or third floor apartment would be the best bet.

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