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Message
re: High credit score = no assistance from FEMA
Posted on 8/24/16 at 11:22 am to terd ferguson
Posted on 8/24/16 at 11:22 am to terd ferguson
quote:
That's not always the case either. I'm sure there are tons of people living on fixed incomes (especially retirees).
And isn't flood insurance something you pay for in one payment each year?
I'm glad many people live a lifestyle where $400-500 isn't a lot of money to them....but just realize that to some....that is a lot of money.
2
Posted on 8/24/16 at 11:24 am to lsunurse
quote:
And isn't flood insurance something you pay for in one payment each year?
I have long advocated - on this forum and others - that this has GOT to change. There needs to be monthly premium options for flood insurance if we are ever going to increase the percentage of people holding coverage.
However, anyone who is required to have insurance, and has escrow, is basically paying monthly.
Posted on 8/24/16 at 11:26 am to lsunurse
quote:
And isn't flood insurance something you pay for in one payment each year?
Unless your mortgage company works it into your house note.
But yes... people with no mortgage would have to pay the entire amount upfront.
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