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Joined: 10/07/1999
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75Hokie
Founder Subscriber

As an independent insurance agent writing business on SML for more than 40

years, we rarely run into a situation in which flood insurance is required. What usually happens is a corner of the home, or a deck, or an attached walk way leading to the lake is in a high risk flood zone, and the mortgage companies consider the entire structure to be in the flood zone. Often times, a property owner can obtain an elevation certificate from a surveyor showing the home is out of the flood zone, and the mortgage company will wave the requirement. The water level at SML stays pretty steady at 795 feet above sea level. If it rises to 800 feet, it goes over the dam.
Posted: 03/08/2023 at 03:04 PM ET
(In response to this post by Stork)

Thread Replies (23)

Full Thread →
Any of you Smith Mtn Lake property owners required to get Flood Insurance
Stork • 03/08/23 01:03 PM ET
F4E may could tell you more about that but my sister has a condo that the
IB4TECH • 03/09/23 05:58 PM ET
We live on a tidal tributary of the Chesapeake Bay. When we remortgaged
Galenahokie • 03/09/23 09:14 AM ET
Just went through this
freemason • 03/09/23 08:10 AM ET
Talking with my sister yesterday, she looked to private market also.
Stork • 03/09/23 08:15 AM ET
As an independent insurance agent writing business on SML for more than 40 ◄
75Hokie • 03/08/23 03:04 PM ET
Isn't the definition of a "flood" something like water covering two
UsherDog2008 • 03/08/23 04:18 PM ET
It can be rain accumulation only. 2 adjacent properties. That's why folks
Stork • 03/08/23 04:21 PM ET
When I moved to the Outer Banks in 1984, the oceanfront area in Corolla
UsherDog2008 • 03/08/23 04:52 PM ET
Thanks. That's what she's got lined up. The survey was gonna run $1000 and
Stork • 03/08/23 04:01 PM ET
I think a mortgage company can require anything they want. My mortgage say
dolph • 03/08/23 02:09 PM ET
It’s really not the mortgage companies anymore.
GreenvilleVT • 03/08/23 02:39 PM ET
No they can only require flood insurance if deemed in a food area by fema**
HokieJamie • 03/08/23 02:14 PM ET
Even if your home is not located in an SFHA, a lender may require flood ins
dolph • 03/08/23 03:00 PM ET
May but I have never encountered a lender that does that
HokieJamie • 03/08/23 03:13 PM ET
Many insurance companies and state insurance regulators can require flood
GreenvilleVT • 03/08/23 02:46 PM ET
All depends on fema flood map you can look it up online and verify**
HokieJamie • 03/08/23 01:42 PM ET
I managed Flood Insurance claims back in the day. But those were on tidal
Stork • 03/08/23 01:53 PM ET
A lake controlled by a dam in Columbia SC flooded a few years back and
GreenvilleVT • 03/08/23 02:47 PM ET
Most mortgages around water require flood if above certain dollar amounts
GreenvilleVT • 03/08/23 01:41 PM ET
my parents house in the northern neck is set farther away from the water
BRVT • 03/08/23 01:57 PM ET
cost of living in the dammed place**
HokieDan95 • 03/08/23 01:35 PM ET
Maybe a protest can generate some interest.**
Guy LeDouche • 03/08/23 02:28 PM ET
If it’s on the water, I think it is required. **
RoswellGAHokie • 03/08/23 01:33 PM ET