It’s a sentiment shared by many of her neighbors.

“This is the price you have to pay to cover the value of your home and your boats and what have you,” Wean said.

Wean has seen prices increase, which is why they weren’t entirely surprised to hear about those rising cost of flood insurance premiums. “I consider Florida a sand pit, so we have made the determination to live in this beautiful paradise. Since she and her husband moved to Treasure Island though, she says there’s a price for that fulfilled dream. It’s a dream that has come true for Wean, which is why she’s spent the last couple decades in this area. “You can be out in the water within two minutes from your canal.” “You can go shopping within a 5-mile radius,” she said. The intercoastal areas of Pinellas County near Treasure Island is a place homeowners consider their piece of paradise.

Insurance experts say even if the price goes up, people should still consider getting flood insurance because the cost to replace damaged property will be moreĪccording to an estimation from FEMA that was released earlier this week, premiums for flood insurance are expected to increase by more than 100% throughout Hillsborough and Pinellas counties.

Experts say Tierra Verde is expected to see an increase of more than 400%.

According to a recent estimation from FEMA, flood insurance premiums in Pinellas and Hillsborough counties could see a significant increase.

Fema flood zone map pinellas county