No,the high risk areas that flood,that have expensive homes. Then yes flood insurance premiums are high. But rich people in expensive homes on the oceans care not they have the money. If you are in an area that has never flooded. In an average priced home . Premiums are reasonable. Most people do not get flood…

If you have a mortgage, and live in a flood zone. You are required by your mortgage lender to have flood insurance.