Quote:
Originally Posted by secondcurve
Folks:
Be careful about fighting flood insurance. It is there for a reason. As someone noted above, if your home is flooded you won't be covered by a normal homeowners policy and could be on the hook for repairs and they an be significant. I have a friend who similarly fought the requirement to have flood insurance on a property he bought because he didn't think it was needed. Well, he was forced to take the insurance and 4-years after doing so a nearby river flooded and caused $60,000 worth of damage. Guess what? He was glad he had the insurance.
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If a surveyor finds that you are truly in a Flood Zone, there's nothing further you can do to fight it. You're forced, like secondcurve's friend to take it. If a bean counter at a desk in Iowa is saying you're in a Flood Zone, then no and your review of the FEMA maps, even as a lay-person, show that you aren't - then fight it.
The point of what I've shared is: put to rest any doubt that you NEED it before you sign.