Flood insurance

DieselToyPullr said:
Are you certain you are in the flood zone? Have you gotten an elevation certificate? I am a NC professional land surveyor and could survey it, if you thought there was a chance you were out of the flood plain. It could potentially save you some money.
Click to expand...
Oh no I'm definitely in flood zone. House was flooded twice in 2004 fema rezoned the whole area. I don't have an elevation certificate. Gis shows im about dead middle of the 100 flood hazard area

Sent from my XT1254 using Tapatalk
 
Loganwayne said:
Oh no I'm definitely in flood zone. House was flooded twice in 2004 fema rezoned the whole area. I don't have an elevation certificate. Gis shows im about dead middle of the 100 flood hazard area

Sent from my XT1254 using Tapatalk
Click to expand...
Sounds like you probably don't want to skimp on the insurance o_O
 
RatLabGuy said:
Sounds like you probably don't want to skimp on the insurance o_O
Click to expand...
First time it had flooded since they kept keeping flood records in this part of NC supposedly they redirected the river so.it won't flood again. But it took a freak hurricane to come and sit for a week for the area to flood

Sent from my XT1254 using Tapatalk
 
Be very careful there's a plenty of people down this way that got flooded out from Mathew and have yet to see an insurance check.
 
Last edited:
anvilrubi said:
Be very careful there's a plenty of people down this way that where flooded out from Mathew and have yet to see an insurance check.
Click to expand...
I work for a restoration company and we hate working with flood insurance. Takes forever to get paid, if they don't find a way to wiggle out of paying...
 
anvilrubi said:
Be very careful there's a plenty of people down this way that where flooded out from Mathew and have yet to see an insurance check.
Click to expand...
Trust me I know we redid this house and my uncle's at the same time outta pocket. If I didn't have to have it I wouldn't but being where I'm at it's required for the loan

Sent from my XT1254 using Tapatalk
 
I tried to buy a building last year in the flood plain. I was going to finance thru a bank. FEMA requires bank to make me get flood insurance. Everybody in town says I have to purchase thru National Flood Insurance Program. (NFIP ) Need flood plain certificate to establish height of building floor below flood plain. In my case 8" and it cost $650. Insurance was going to be $9,333.00 per year on $200k building. This was a deal killer. I started checking around and found private insurance out of Florida for $1600 and didn't need certificate.
 
moldman05 said:
I tried to buy a building last year in the flood plain. I was going to finance thru a bank. FEMA requires bank to make me get flood insurance. Everybody in town says I have to purchase thru National Flood Insurance Program. (NFIP ) Need flood plain certificate to establish height of building floor below flood plain. In my case 8" and it cost $650. Insurance was going to be $9,333.00 per year on $200k building. This was a deal killer. I started checking around and found private insurance out of Florida for $1600 and didn't need certificate.
Click to expand...
No surprise, NFIP is in major financial hot water (no pun intended)
High Risk: National Flood Insurance Program
 
Flood insurance is set at a federally mandated rate and they're all going to be around the same price. This comes from my girlfriend, who is an insurance agent.

That 1600 dollar deal out of Florida might not have entered your property value properly...so in the event that it does flood, you're probably not going to get much, if anything.
 
I've been quoted anywhere between 1200-1800 per year for 120,000 coverage on the house and 50,000 on anything else In it. That's from about 4 different places

Sent from my XT1254 using Tapatalk
 
Nancy Marsh@ National Flood Insurance. 888-900-0404 Ext 206
 
Back
Top