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Updated over 5 years ago on . Most recent reply

Paresh Patel's profile image
Paresh Patel's profile image
Paresh Patel
  • Member since Mar 13, 2019
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Paresh Patel's profile image
Paresh Patel's profile image
Paresh Patel
  • Member since Mar 13, 2019
Connect
Paresh Patel
2
Votes |
4
Posts
General Landlording & Rental Properties

Flood Insurance rates increased

Paresh Patel
Posted

We purchased a two flat (converted from single family home) a year ago. Paid for flood insurance when we closed on the deal. Now we get a letter from FEMA stating our flood insurance premium is more than doubled. Reason, they show as excessive risk. Last claim was from a prior owner in the year 2013. Any remedy to rectify and find out what will be a good way find out what will be true rate. Thank you,in advance for your help and suggestions.

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