After Hurricane Katrina in 2005, the awareness of flooding threats to coastal areas increased. For Massachusetts in particular, Cape Cod is still at high risk of flooding with any storm that comes and goes. However, all of these recent devastating floods and natural disasters have caused insurance prices to skyrocket. With my research, I specifically looked at Falmouth, Massachusetts and the possibilities to lessen the risks and which of these options would be the most financially sound for a homeowner. The possibilities include elevating a house in a high flood risk zone, selling a current house to move in to a house in a less flood prone area, or simply keep the house as is and continuing to pay the mortgage and annual flood insurance over a 15 year time period. Afterwards, the earthquake insurance available in Osaka, Japan is briefly compared to the flood insurance of Falmouth, Massachusetts.
Annela Kelly (Thesis Director)
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Original document was submitted as an Honors Program requirement. Copyright is held by the author.
Johnson, Shellie. (2015). Life on the Floodplain: An Analysis of Falmouth, Massachusetts and Osaka, Japan. In BSU Honors Program Theses and Projects. Item 114. Available at: http://vc.bridgew.edu/honors_proj/114
Copyright © 2015 Shellie Johnson