The Head of FEMA recently announced that rates in the NFIP or National Flood Insurance Program are going up. The bottom line here is that the program is not paying for itself and it needs to. The good news is that there are a few private carriers who offer low cost flood quotes to many Californian’s and others in less risky states.

http://www.washingtonpost.com/business/fema-head-says-cost-of-federal-flood-insurance-going-up-3-more-days-notice-coming-on-storms/2013/03/26/eb517188-9676-11e2-8764-d42c128a01ef_story.html