Grayhair... The $440.00 your referencing is a monthly premium and not yearly from what I have been told in my area which has been affected by this flood. There is structural flood insurance and then you have to pay additionally for contents is also what I have been told. I can promise this flood affected rich, poor and all types of persons in between.
My 4th generation family land backs up to the Amite River which is one that caused a lot of this flooding in the Greater Baton Rouge area. We had property damage, loss of two donkeys and some of our mining operation was affected but we were very luck. Yes, a lot of the areas affected are low but we do live in South Louisiana so that is no surprise. However, many areas that did take on water have never been seen in atleast 3 generations. I would also like to remind everyone that atleast a 100 mile radius was affected, which includes: Baton Rouge, La area, Lafayette, LA area, Hammond, LA area(aka The Northshore), and even the little talked about South Mississippi area(Amite, Pike and Wilkinson Counties). I have an aunt, cousins, school friends, customers, business associates and etc. all lost homes, cars, clothes, animals and/or many other items. I am going to guess that atleast 200k homes have been destroyed in all of this flooding. The sides of the roads in many areas are lined with debris from all the homes on those streets. I want to point out that I've been quite upset with the national news and it's lack of coverage of the flooding until Trump came down. At first it was mentioned then nothing but California wildfires for a week and only after he came down and donated cash and supplies was it "really" an issue. I have pictures of some of the flooding to share that I will post.