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Joined: 06/01/2019
Posts: 254
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freemason

Just went through this

FEMA designates the property, if it falls under the proper designation you have to have flood insurance. Mine was designated AE. 100 year flood line was 180 feet, lot was 178. Had builder do earth work raise a pad for the slab so the slab was at 181 feet. Still had to buy flood insurance. Since it was a construction project I could not buy flood insurance from FEMA. They would not insure an "incomplete structure". Had to buy on the private market, over $1100
Posted: 03/09/2023 at 08:10 AM 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