Originally published on December 18, 2020 1:05 pm William Jennings and his wife have lived in their Virginia Beach, Va., home for the last 37 years. And their plan was to stay in it through retirement. "I really like my house," Jennings says, standing in the front yard. "A two-story home. A swimming pool in the backyard." But Jennings' neighborhood has flooded more often in recent years. His house did once, too. His mortgage requires flood insurance, which now costs him $2,336 a year and is set to increase 18% in July. The 72-year-old Army veteran worries that soon his home may no longer be affordable. His wife supports selling it and moving to avoid the additional flood insurance expense.