Nor am in the flood zone. I believe you mean that you are not in a Special Flood Hazard Area (SFHA). If you are in an SFHA and getting a mortgage that is federally backed in any way, you will be required to get a Flood Insurance policy.However, if you are not in an SFHA odds are you can still get a Flood Insurance policy - most likely a Preferred Risk Policy which is really quite cheap. I'd encourage you to strongly consider it, as the number of people in non-SFHA zones who get flooded is not trivial. Last year when there was so much flooding in Iowa, I remember reading that a fairly significant percentage of the people impacted lived in non-SFHA zones and because they hadn't gone ahead and bought the PRP policy some of them really lost out. For my own home in a non-SFHA zone in KS, a policy for approximately 200K building and 50K contents rated at about $300-$375.d
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar. Earnings Estimates, Analyst Ra