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Real Estate Article: What Is Flood Insurance? If the home you want to purchase is in a flood hazard area, you will have to purchase flood insurance. This is in addition to your Homeowners Policy and is purchased through the Federal Government Flood Insurance Program. Most Insurance Agents will tell you where to go to purchase flood insurance. Every property is in a flood zone! But only a few are in hazard areas. If a home is in a hazard area, the lender will even require flood insurance. As we have seen with recent disasters, many flood maps are badly out of date. Therefore, if you even remotely think that the home might be in a flood area, you should purchase flood insurance. If the maps are out of date and the property is not in the hazard area, you will be able to purchase flood insurance at a very low cost. |
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Linda Grissette, GRI, e-PRO Certified
The Best Seller GMAC Real Estate, 3829 Veterans Memorial, St. Peters, MO 63376 Licensed in the state of Missouri. All content of this web site is copyright protected. Our copyright will be legally defended. Linking to our content is always acceptable. Besides the copyright issues, if you copy this content to your website, it will hurt BOTH of our websites! Don't do it! NOTICE: E-mail addresses on this site are provided for the use of our clients and potential clients. Because of this notice, the harvesting and transfer of these e-mail addresses is a violation of the Federal CAN-SPAM Act. Violators will be reported. Privacy Statement Linda Grissette's policy is to never give out consumer information. If you give her your contact information, it will not be given to anyone without your permission. All information provided on properties is deemed to be reliable, but is not guaranteed. Information on properties should be independently verified. |
