In real estate, the location of the property significantly affects its price, and a more affluent zip code will make the home (and its insurance premiums) more expensive. A recent analysis of claims featured by The Wall Street Journal showed that payouts for restoring flood and fire damages in these neighborhoods are also higher (sometimes, even more than 50% higher) than other areas in the state. Experts in the insurance industry emphasized that the presence of luxury fixtures and furnishings in these affluent homes increase the price of claims as well.
http://www.ecopurerestoration.com/blog/3-basic-factors-that-can-affect-the-cost-of-flood-damage-restoration/
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