Increasingly it’s the inexperienced investors who are making these decisions, often on their first investment.

Converted an empty room to a standard room to make it a 6-bedroom instead of the original bedrooms which increased the rent from $2,200 to $2,800 for Section 8 voucher holders for this zipcode.

Could State Farm increase my premium or, worst case, cancel my policy?

Meanwhile, my current carrier increased their estimated rebuild cost from ~$1.6M to ~$2.6M to justify their premium hike.Most other quotes I received estimated replacement costs between $1.3M and $1.7M, but finding a carrier willing to underwrite this policy has been challenging.

The shorter the prepayment term has an impact on increasing the rate.4.

Mortgage rates tend to fall as the supply of funds in the mortgage market increases, making homeownership more affordable.

You could have your insurance cancelled but more likely you're going to see a rate increase.

.- Rebuilding Costs: Higher-value homes may have higher premiums due to more expensive repairs.What This Means for Homeowners- Fairer Premiums: Properties with lower risk may see lower premiums, while higher-risk properties may face increased costs.- Gradual Rate Increases: Increases are phased in over time for policyholders who see higher premiums, with annual caps on the rate hike.- More Predictable Rates: Rates better reflect the real risk rather than just being based on a flood zone map.Example Scenario (Simplified)- Old System: A house in a designated flood zone pays $1,000 annually, regardless of its elevation or distance from the water.- Risk Rating 2.0: That same house may now pay $1,200 if it's closer to the water and more vulnerable or $800 if it's higher up and better protected.Flood zones still matter under Risk Rating 2.0, but their role has changed. 

My thinking is increased value and cashflow on a long term hold.

However, I’m actively managing my investment, taking on risk, and improving the property, which has significantly increased its value.