re: AE Flood zone?

quote:

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Would you buy a home in a an AE flood zone that flooded in 2016? How big of a risk is this and what would the chances be that it floods again?

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Depends on elevation of the property mainly due to Flood insurance cost. A home that is a below base flood I'd avoid for cost alone. That said, every piece of property is at risk of a flooding event. That's why if you buy a home in a preferred zone like X it's almost a no brainer because the flood policy at maximum coverage is like 500 buck per year.

And before the naysayers tout "if I buy a X property why would I need it??" Well b/c 33% of all annual flood claims come form preferred zone risks.

But short answer, Yes I would with stipulations of course.. Structure would need to be built above base flood on the elevation cert for me to pull the trigger even if it in fact did flood in '16.