Lender forcing to buy flood insurance

[Kiran K.]

I have SFH rental and have mortgage with same lender for few years now, all of sudden received notice to get buy flood insurance.

I ended up getting flood insurance as, if I dont buy with in time they provided they would buy on my behalf at higher price than I got.

I spoke to neighbors, none of them have flood insurance or they were asked by their lender.

What options I have here to not pay for flood insurance.

Ps: I own this property for 10 yrs and mortgage with this lender for past 4 years.

[Alexander Felice]

I do this as part of my day job actually.

Flood zones change all the time and it's a lender requirement

Just because your neighbors aren't in flood zone doesn't mean you can't be. 

Once you find out the zone, if it's close you do have some options to ask for it to be changed. 

You need to check what flood zone your house is in.  If it's AE or X you might be stuck. The form you want is the SFHDF