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Updated over 9 years ago on . Most recent reply

GR Pachmayr's profile image
GR Pachmayr's profile image
GR Pachmayr
  • Investor
  • from Avon, Indiana
  • Member since Mar 5, 2016

User Stats

10
Posts
2
Votes
GR Pachmayr's profile image
GR Pachmayr's profile image
GR Pachmayr
  • Investor
  • from Avon, Indiana
  • Member since Mar 5, 2016
GR Pachmayr
  • Investor
  • Avon, IN
2
Votes |
10
Posts
General Landlording & Rental Properties

Flood Insurance

GR Pachmayr
  • Investor
  • Avon, IN
Posted

Hello,

I received a notice from my mortgage company that they are requiring me to get flood insurance because my duplex is now in a flood zone due to some recent change at FEMA. I contacted my insurance company, and they said I need a flood elevation certificate. I called the city, and they indicated that they didn't have any documentation showing that it is in a flood zone. My insurance company wants $800 to send out a surveyor and the mortgage company will obtain flood insurance for me if I don't do it, and their insurance will likely cost more. Any suggestions on how to proceed?

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