2. In a flood zone? It can cost you.
Again, if the risk of destruction is high, your insurance will reflect it. If you have a beachfront home on the Gulf Coast, you can expect to pay more than if you’re in an area of the country where flooding is typically not a concern, such as the Midwest.
If you’re in any sort of flood zone and you have a mortgage on your home, your lender will probably require a separate flood insurance policy—and that costs money. Even if you aren’t in a flood zone, your mortgage company may still require coverage, so be sure to look into your lender’s requirements when you begin shopping around.
Bob Abner is a highly respected, top producing, full time, Realtor for over 30 years and is an expert in the Northern Kentucky real estate market. Give Bob a call at 859-760-1660 or email Bob at BAbner@huff.com
No comments:
Post a Comment