Floodd zone .........

[Yakir Aloni]

If I buy house for investment i run the numbers and everything look good but and its a big but... the house on flood zone from 1-10 he at 9 now let me make it clear its not a lake or something close to it city close to downtown chiago not lake around it very metropolitan area.. but flood zone 9 so i know its can be a big factor when i want to riff after i finish my renove there and want to take my money back 75% i know also the insurance van be factor with the price i can pay every month.. so if some have idea or experience with this subject the house located  oak park Illinois..  ty 

[John Mocker]

Yakir,

I'm not sure what a zone 9 is. I would go to FEMA's flood map site (https://msc.fema.gov/portal/home) and make sure you are in a flood zone.  If the property is close to the boundary of a Flood Zone, you may want to check it further.  If the property is in the flood zone but the building is in a lesser Zone it goes by the zone of the building.  

Most private market flood policies just use the address and rate the policy on their own database. So, even if you can't get the zone, you can still get rates from a lot of companies. It is important to have an agent who has access to many flood Markets. I've seen big swings in the pricing for the private market flood policies and they are often less than the FEMA National Flood Insurance program.