Flood Insurance Required - Should I give up on this house? ? - washington flood insurance
I am pleased to buy a house in the vicinity of Washington Manor in San Leandro CA. This house is located in the high risk zone and flood insurance is mandatory. The house is located near the river, lake or something. For me, this house is the ideal choice because of the condition, location and price. If it is not insured against flooding, it would have bought it immediately. I think I can afford insurance against floods if it costs less than $ 1500/year. But I have another concern that, if I sell this house again in the future, I will sell at a very low price because no one wants to buy this house and pay for insurance against floods. It is worse than the conclusion of an insurance company. Please help me! Thank you very much.
Friday, January 15, 2010
Washington Flood Insurance Flood Insurance Required - Should I Give Up On This House? ?
4 comments:
I suggest you take the things from the beginning:
1) Get quote a flood - you can too http://www.travelers.com/personal-insura ... for a free quotation with Travelers Insurance.
2) If the data to decide whether the cost is for insurance within your budget.
3) If you buy the house to her house and she likes it, I would not worry about the Flood Insurance vis-à-vis the resale value. It is clear that The Haunted House offset the problem of flooding for you and any potential buyer. In my opinion, no home is perfect.
Hope this helps. Good luck!
Tu_NTSKII, homeowners insurance covers many different things. I am not familiar with the laws of Washington, so we recommend you contact a local insurance broker. http://www.easyhomeinsuranceguide.com/Washington-Home-Insurance.html you are able to help.
Any insurance company can tell you exactly what amount a certain level of expenditure on insurance against floods. The prices are set by the federal government.
Flood Insurance is not required by law. If you pay cash for your home, you do not need - and if the buyer pays in cash for the house, it needs not.
Only a mortgage means that you must have insurance against floods.
You probably can not afford this house. I have no idea what it is, but it is unlikely that the insurance against flooding, a house in California at $ 1500 and are likely to increase each year.
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