NAR Flood Insurance Survey Question Title * 1. What is the cost per year being quoted for your flood insurance? Question Title * 2. What are your major reasons for concern? affordability of premium transaction was delayed or cancelled as a result of quote lack of justification for the need for flood insurance Question Title * 3. If one of your major concerns is the lack of justification for flood insurance, please choose between the following: property is not in flood plain property has been raised to address flooding risk Other (please specify) Question Title * 4. Please explain why you believe the flood insurance quote is not justified? (For example, one way to demonstrate affordability concerns might be to show flood insurance premiums as a percent of total household income.) Question Title * 5. What is your property value: listing price: tax assessment (building only and total): Question Title * 6. Property specifications. For example, what is the: address: elevation: year built: flood zone: Question Title * 7. Insurance affordability. For example: is the property located in a modest income community? is the property modestly sized (e.g., square footage)? how does the quote compare relative to what the cost of last year's flood insurance policy (if one exists)? how does the quote compare to the homeowner's policy? Question Title * 8. What factors or assumptions did the insurance agent consider in arriving at the flood insurance quote? For example, how much coverage did the lender require? (More than $250,000 for a residential structure? Or $500,000 for non-residential?) Question Title * 9. How did the insurance agent calculate the home's value and coverage amount? Choose from the following: Listing price Tax assessment Replacement cost for the structure Amount of the mortgage Other (please specify) Question Title * 10. Have there been previous flood claims on the property? Question Title * 11. Has the property been elevated/strengthened against future flooding? Question Title * 12. In which type of flood zone (V, A, X) is the property located? Question Title * 13. Did FEMA recently propose or finalize a new flood map for your community? Question Title * 14. Did the insurer learn that mistakes were made in previous years in evaluating the property for flood risk? Question Title * 15. How much did the flood insurance rate have to increase to reflect the true risk? Question Title * 16. Did you or your community appeal the determination that the property sits in the flood zone? Yes No Question Title * 17. If you answered YES, please explain from the following: How long did the process take? What was the cost to file the appeal? Outcome? Did you seek reimbursement of your appeal expenses? Any other challenges? Question Title * 18. If you answered NO, please explain why: Done