I thought Californians have siphoned all water out of Colorodo River?

Candice - Well I am going out on a limb and say that you will not drop your flood coverage. I was always taught it is better to be safe than sorry.

My thinking is that your insurance may go down since your home has been removed from Floodplain A, and would hope that is the case.

So your lender has a crystal ball??!! 

Good call on your part. 

I think you would be smart to keep it.

Nope!

Good morning Candice. We own an ocean front home, if I could I would take off the flood insurance.

Not everyone needs to carry flood ins.  There are homes that are in no way in dange of flooding.

It is a good idea to keep it if you can afford it especially if you are on the fringes. And you are right, you never know what the future will bring.

This is a personal choice and should be based on the local history of flooding.

are you a gambler?

Candice, you are smart to keep your flood insurance. 

Flood plain insurance is often a bad investment that is force on many to satisfy government requirements on the lenders.  And sometimes when the floodwaters come the insurance companies are nowhere to be found.

It may be better to take those fees and put them into a nice investment that you can tap into should a flood ever take out your home. And if a flood never hits then you will have a nice chunk of cash to add to your retirement fund someday.

I would also keep it, if you were in a flood plain before, chances are all it takes is that one storm to get a flood again.

I'm with you, I'd keep it.

As I always say in answer to questions like this, "because I don't want to be THAT woman on the news crying about losing everything and having no insurance."  Over $300.  

Based on your own answer to your own question, I don't think you will drop your flood coverage.

I, too, would have made the decision to keep that policy....

Agreeing with you and others, it's a reasonable price to pay for a piece of mind.

Candice, last I looked and from experience in Houston, about a third of claims come from properties that have never flooded before. I would tend to keep it.

If I remember there are options on flood insurance for coverage if you are not in a flood plain.

Smart move, Candice.  It's one of the best and cheapest insurance policies available.

FLOOD plains arent installed or removed without reason, but its a numbers game to some extent... and a understanding of the landscape, cost benefit... thin more like your a buyer and that money means a monthly payment ??

I bet the cost factor is enticing isn't it? Better to keep it I guess. 

I would wonder why you were removed & if that was even correct. What if your rates would go down? 

Wise choice, Candice.  It should be a plus, though, if you should ever decide to sell.

If you can afford to keep it, don't get rid of it. I would also want to be sure of the deductible and if there any hidden clauses as to what is covered and what is not.

Candice,

I would not stop it.  

No --- that was easy since you already told us.   Stay dry.  

No. I agree with your decision not to drop the flood insurance.

I agree, small price to pay for piece of mind. I had earthquake insurance when in lived in GA, just in case.

I wouldn't drop it either.