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Started By
Message
Flood insurance payment
Posted on 2/15/10 at 4:51 pm
Posted on 2/15/10 at 4:51 pm
Does a seller normally pay any portion of flood insurance?
Buying a new home in EBR. Zone AE.
Buying a new home in EBR. Zone AE.
2
Posted on 2/15/10 at 5:53 pm to LSUdaughter
I have never heard of that being done. You could try to negotiate some closing costs to help offset insurance due at closing, but I would think that's it.
Posted on 2/15/10 at 7:56 pm to LSUdaughter
No seller insures it up to date of closing, buyer there after
Posted on 2/15/10 at 8:53 pm to Tigerpaw123
Depending on when the policy renews...if theres only a few months from closing until the policy renews, the seller may just give the couple months covergae to the buyer. Can hurt to ask.
Posted on 2/15/10 at 9:54 pm to LSUPIMPRGB
thanks guys. that's what I figured. My Realtor and another realtor said they haven't heard sellers paying for it.
Although a few other people said that sellers will pay the first year or so.
Although a few other people said that sellers will pay the first year or so.
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