Flood Insurance Surcharge

[Patrick Capriola]

As many of you know flood insurance rates are increasing via a $250 per year surcharge for  investment properties. What I want to ask the BP community is how are you trying to mitigate these increasing costs? $250 per year is about $20 per month - which is a lot to pay for something that you were getting for $20 less per month last year. Is there really anything that can be done outside of getting rid of the insurance?