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Flood FactsFederal disaster assistance is usually a loan that must be paid back with interest. For a $50,000 loan at 4% interest, your monthly payment would be around $240 a month ($2,880 a year) for 30 years. Compare that to a $100,000 flood insurance premium, which is about $400 a year ($33 a month).
Be FloodSmartSee mud in tree? BUILD HIGHER!
FloodSmart offers common sense solutions to uncommon problems.