Hazardous environment housing

[Duane Ward]

We found a property that on paper and in person appears to be a good deal. The problem is, it's in a high flood zone that was previously heavily effected by Sandy. The properties foundation since that time has been raised to the FEMA 2.0 flood standards as well as renovated.

However, I'm attempting to find out what hazards we still may need to look out for in consideration of purchasing this multi door unit. It's a duplex that we're looking into converting into a 3 plex based on the layout and number of rooms. The property has a shed that's ground level. The raised foundation does have an elevator access as well as outside access. The only other thing open to the weather would be vehicles and the stairs to the main floors.

Are higher winds typically associated with these types of properties?

Is high tide season typically concerning?

Are insurance claims harder to file due to risk?

Are repairs on raised foundations typically more due to the weight associated And being so exposed to the elements?

Would renters need their own insurance on their things or would that be coupled with the home owners insurance in this case?