When informing Mr. Wilson about his variance application to build below the base flood level, what is one critical fact you must bring to his attention?

When addressing Mr. Wilson regarding his variance application to build below the base flood level, it is essential to emphasize that such construction could lead to an increase in flood insurance premium rates. This is a critical point because properties that are built below the base flood elevation are subject to higher risk of flooding, which insurers consider when determining rates. Generally, those residing in areas with greater flood risk face elevated insurance costs to cover potential losses.

Even though building below the base flood level may seem appealing for various reasons, informing Mr. Wilson about the potential increase in insurance premiums allows him to understand the financial implications of his decision. Flood insurance is a vital consideration for homeowners, as it can significantly impact long-term expenses and overall financial feasibility. Consequently, being aware of the likelihood of increased premiums is crucial for Mr. Wilson when making his final decision about proceeding with the variance application.