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Jersey Devil

(10,353 posts)

14. Most have flood insurance only because their lenders require it

Reply to Fiendish Thingy (Reply #4)

Fri Oct 4, 2024, 04:35 PM

Oct 4

The Army Corps of Engineers sets the flood maps and if your property is in a flood zone you won't get a mortgage loan unless you get flood insurance. I doubt there are many areas in the mountains that are in designated flood areas requiring such insurance. I wouldn't blame people who live in the mountains for not thinking to get flood insurance. It's not like they have a home on the ocean waiting to be swept away by the tides. The danger is not apparent.

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SharonClark Democratnik

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Highlight:

Thousands of uninsured homes were in Helene's path [View all] Yo_Mama_Been_Loggin Oct 4 OP

Building in a flood zone + no flood insurance NameAlreadyTaken Oct 4 #1

I'm not sure some on a mountain thought they'd need it. jimfields33 Oct 4 #3

Not on high ground NameAlreadyTaken Oct 4 #15

That area has had severe flooding before. Mariana Oct 4 #16

After Hurricane Harvey, many homeowners who had been paying flood insurance found out their damage was not covered... surfered Oct 4 #2

That's just insane, and a ripoff. lindysalsagal Oct 4 #5

Taxpayers shouldn't foot the bill for homeowners who choose not to fully insure their homes Fiendish Thingy Oct 4 #4

Most don't think of living high in the mountains as living on a flood plain womanofthehills Oct 4 #8

Precisely malaise Oct 4 #11

Most have flood insurance only because their lenders require it Jersey Devil Oct 4 #14

Good grief, but am not surprised. Seems like every massive storm that comes ashore, raises these very same issues SWBTATTReg Oct 4 #6

How many times will the rest of this country have to rebuild homes built where they doc03 Oct 4 #7

I have sympathy but should homes or businesses even be built there? LiberalFighter Oct 4 #9

It is not so much that they were uninsured sarisataka Oct 4 #10

I'd be curious to see how much the flood insurance cost in a place that "never flooded" Prairie Gates Oct 4 #12

It is a quite variable choice sarisataka Oct 4 #13