Flood Insurance ?

secondcurve · 01-05-2010, 09:44 PM

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.

01-05-2010, 09:44 PM	#16
secondcurve Senior Member Join Date: Jan 2005 Posts: 2,118 Thanks: 1,331 Thanked 559 Times in 288 Posts	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.