An elevation certificate is necessary if you have to get flood insurance. You need flood insurance if you buy or own a home in specific flood zones. The certificate shows the building’s elevation, the type of building, and where the building is located on the flood map. Get Matched with a Lender, Click Here. The certificate shows the difference between the base flood … [Read more...] about What is an Elevation Certificate for Flood Insurance?
The House of Representatives recently voted in favor of a legislation that allows the use of private flood insurance policies as an alternative to the federal National Flood Insurance Program (NFIP). If enacted, the private flood insurance is deemed to satisfy mortgage lenders’ requirements in areas at high risk of flooding. However, the Senate struck this provision from an … [Read more...] about House Okays Private Flood Insurance Bill, Senate Reserves It for NFIP Reform
Flood insurance is one of those mysterious things about home ownership that many people believe the wrong things about. The most common myths about flood insurance are often the ones that keep people from purchasing it and end up forcing them to pay, literally, in the end. Here are the most common myths that you should really learn the truth about so that you can understand … [Read more...] about Common Myths about Flood Insurance