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Started By
Message
How much flood insurance does one need? (Sugar Land, Tx, low-moderate risk)
Posted on 6/5/14 at 4:39 pm
Posted on 6/5/14 at 4:39 pm
I am a first-time homebuyer and we are getting our homeowners insurance together. The agent also brought up flood insurance and of course quoted me only the $414 for $250/$100k coverage. The house is ~$200k, and our shite ain't too fancy.
So, being in a low-moderate B zone, what would the OT geniuses suggest for flood insurance? Screw it and go balls to the wall with the max or is it safe to go with say $100/$40k for $312? I just don't see any flooding in this area doing complete damage to this house or any other house in the area.
TIA
So, being in a low-moderate B zone, what would the OT geniuses suggest for flood insurance? Screw it and go balls to the wall with the max or is it safe to go with say $100/$40k for $312? I just don't see any flooding in this area doing complete damage to this house or any other house in the area.
TIA
This post was edited on 6/5/14 at 4:41 pm
9
Posted on 6/5/14 at 4:47 pm to guedeaux
It's $8.50/month difference.
I'd go high so I wouldn't have to worry about it.
I'd go high so I wouldn't have to worry about it.
Posted on 6/5/14 at 4:47 pm to guedeaux
The minimum required by your mortgage company. 
I say that because I'm required to have ridiculous coverage in an area that's never flooded in my lifetime.
I say that because I'm required to have ridiculous coverage in an area that's never flooded in my lifetime. This post was edited on 6/5/14 at 4:48 pm
Posted on 6/5/14 at 4:51 pm to guedeaux
quote:
first-time homebuyer
COngrats
quote:
Sugar Land, Tx
jk Flood isn't required, but highly advisable - especially consider your flood plain
Posted on 6/5/14 at 5:08 pm to guedeaux
I live in Sugar Land and did max. I live on a lake and close to Oyster Creek but the only threat of flooding I've actually seen is from the street and it's been nowhere close. But again with a lake about 40' from the house and oyster creek close, I decided to play it safe.
What area are you in?
What area are you in?
This post was edited on 6/5/14 at 5:11 pm
Posted on 6/5/14 at 5:09 pm to guedeaux
I'd ask some neighbors or something just to be sure for your area. Even low level flooding cost a lot if it hits your house.
We were at first forced to get it at my current house. Until I bitched for obvious reasons(I sit at least 30ft above a low level field. We had "500 year" flooding a few years back and my neighbor almost got hit.
We were at first forced to get it at my current house. Until I bitched for obvious reasons(I sit at least 30ft above a low level field. We had "500 year" flooding a few years back and my neighbor almost got hit.
Posted on 6/5/14 at 5:11 pm to guedeaux
What zone are you in on the FEMA map? Also, is your home near an inlet (storm drain/catch basin) in the street?
Posted on 6/5/14 at 5:13 pm to guedeaux
250/100 is max coverage without getting supplemental flood
Sounds like you are getting a proffered rate in a non required zone, you really aren't saving all that much by going a step down
Sounds like you are getting a proffered rate in a non required zone, you really aren't saving all that much by going a step down
Posted on 6/5/14 at 5:14 pm to ThePoo
Nevermind didn't read your shite, Texas crap
Posted on 6/5/14 at 5:24 pm to LSUJuice
quote:
Also, is your home near an inlet (storm drain/catch basin) in the street?
Not too close. Its about 3 houses down.
quote:
What zone are you in on the FEMA map?
Zone B... or is that something differnt? I can't find an online FEMA map.
Posted on 6/5/14 at 11:02 pm to guedeaux
When we lived in Katy we had 250/100 coverage. It was dirt cheap. Having just gone through 12 feet of water in Katrina, it was probably as much an emotional decision as it was a financial one. Also, while our house was not worth anywhere near 250K, we did have a lot of stuff in it... so for us it was more wanting the 100K of content coverage.
$400/year is cheap peace of mind for me.
$400/year is cheap peace of mind for me.
Posted on 6/5/14 at 11:34 pm to guedeaux
Zero.
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