I own two condos in the same complex, literally next door to each other. They have different mortgage companies. One company is telling me that the property is in a flood zone and I need flood insurance. The other is not requiring it, saying I’m not in a flood zone. How can i prove to the one charging me that I am not in a flood zone? Is there some special report I can order?
Why is my Mortgage Co. Making Me Pay Flood Ins. on One Condo But Not on Another I Own in the Same Complex?
Sat, Nov 21, 2009
3 Responses to “Why is my Mortgage Co. Making Me Pay Flood Ins. on One Condo But Not on Another I Own in the Same Complex?”
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November 21st, 2009 at 2:10 am
Get a copy of the flood plain map at the city or village hall.
November 21st, 2009 at 3:06 am
Home insurance is actually very flexible. I’m not familiar with all the details of my policy, but my home insurance agent is always a phone call away. Try visting your agent or a agent in your area. http://www.goodinternetdeals.com/Home-Insurance.html They will be able to assist you.
November 21st, 2009 at 3:20 am
Yes, you can get a copy of the Flood Zone Determination from your local agent, Land Commissioner, or even FEMA. It will tell you what flood zone you are in. Flood zones B, C, and X are good to be in and anything that starts with A or V is bad. If in fact you ar in on of the good zone you can turn that into the agency that says your not in a non hazardous flood Zone and they can rewrite it. If they wont accept that your next option is an Elevation Certificate. That is competed by a surveyor and show different measurement on ur home.
Hope this helps!!!