Many homeowners are turning to the private flood insurance market and other avenues to avoid high flood insurance costs . Many have kept premiums down by refusing to file claims when their homes are damaged by flooding, and there are even anecdotes about homeowners paying off their mortgages early simply to dodge the flood insurance mandate altogether. Many of the solutions involve owners taking practical measures such as elevating their homes above flood zones , and paying off mortgages early to avoid flood insurance costs . Others avoid claiming on flood damage altogether to ensure their premiums remain low .
Many homeowners are turning to the private flood insurance market and other avenues to avoid high flood insurance costs . Many of the solutions involve owners taking practical measures such as elevating their homes above flood zones , and paying off mortgages early to avoid flood insurance costs . Others avoid claiming on flood damage altogether to ensure their premiums remain low .