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Big development/disappointment. New flood maps came out on 14 March for Jackson county. The house we were under contract for had a flood insurance quote for just over $300 a year. This was on top of $900 home owners insurance and $2100 of wind and hail. Flood insurance increased to almost $4000. After visiting here and a few other sites we had originally budgeted $3000 - $4000 a month for all the insurance. so $3300 was right in there. $7300 put us way over budget and we have to get out of the contract. We got a couple quick quotes going north of I-10 and south of I-10. The difference wasn't enough make south of I-10 out of the question. The flood was the same as south (although in some areas north, flood was optional, but we still wanted it), but wind and hail was cheaper. New maps for Biloxi are due out in June. Our insurance agent recommended that if we are going to look there that it may be a good idea to wait until they come out.
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