Comments on: What Is A 100-Year Flood Plain http://www.homeowners-insurance-guide.com/what-is-a-100-year-flood-plain.htm All you want to know about renter's and homeowner's insurance. Mon, 13 Oct 2008 06:13:35 +0000 http://wordpress.org/?v=2.6.2 By: » Weekly Linkup on Blueprint for Financial Prosperity http://www.homeowners-insurance-guide.com/what-is-a-100-year-flood-plain.htm#comment-38542 » Weekly Linkup on Blueprint for Financial Prosperity Sat, 09 Aug 2008 12:51:30 +0000 http://www.homeowners-insurance-guide.com/what-is-a-100-year-flood-plain.htm#comment-38542 [...] wonder what it meant when someone said your home was on a 100 year flood plain? I write briefly on what that means at Homeowners Insurance [...] [...] wonder what it meant when someone said your home was on a 100 year flood plain? I write briefly on what that means at Homeowners Insurance [...]

]]> By: fivecentnickel.com http://www.homeowners-insurance-guide.com/what-is-a-100-year-flood-plain.htm#comment-9027 fivecentnickel.com Tue, 15 May 2007 21:33:43 +0000 http://www.homeowners-insurance-guide.com/what-is-a-100-year-flood-plain.htm#comment-9027 And to get the change of a flood over Y years where X is the chance in any one year (so X = 0.01 for a 100 year plain), the equation is: 1 - (1 - X)^Y So over the life of a 30 year mortgage, it's: 1 - 0.99^30 = 0.26 Or a 26% chance that you'll experience at least one flood during that time. Math is fun. And to get the change of a flood over Y years where X is the chance in any one year (so X = 0.01 for a 100 year plain), the equation is:

1 - (1 - X)^Y

So over the life of a 30 year mortgage, it’s:

1 - 0.99^30 = 0.26

Or a 26% chance that you’ll experience at least one flood during that time.

Math is fun.

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