- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: FEMA: Despite historic flooding, insurance rates & flood maps to remain the same
Posted on 9/15/16 at 5:01 pm to purpleleaf
Posted on 9/15/16 at 5:01 pm to purpleleaf
quote:
Received letter from my insurance agent to expect a notification soon for any homeowner with a mortgage in our area will have to carry flood insurance even if you didn't flood in this recent epic flooding
Most mortgage language says that if you are in a special hazard flood zone (i.e. anything worse than X), you will be required to have flood insurance.
If this is true for your mortgage, and you have been in X and continue to stay in X, I don't think the mortgage company can force you to purchase it, as that would be a unilateral altering of the mortgage contract.
EDIT: Your agent may be trying to scare you into buying a policy from him.
This post was edited on 9/15/16 at 5:02 pm
0
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News