FEMA's flood insurance program is about to undergo major changes and last updated 2021-05-10 14:15:33-04 There is something about living alongside the ocean in Marshfield, Massachusetts that brings Meaghan Desmond peace. Desmond grew up by the water, and now, she owns a home along the coast. But living in a place like this also comes with a bit of uncertainty. âBasically, three days after a storm, the tides are high, and you can feel it vibrating. Itâs formidable,â she said. After each winter storm, Desmond sees more and more of the coastline here disappear. It's part of the reason she pays nearly $6,000 a year in flood insurance. âThereâs a huge risk and the deductible is high, but whatâs it going to cost if a wave takes my house out?â Desmond said.