Flood insurance is messing with my numbers!

[Steve Genna]

Hi BP Community.  I have a potentially good deal in Bridgeport, CT however the property (may) require flood insurance.  I say "may" because the description of the property lists a price for flood insurance (which I suspect is low) however I am still awaiting confirmation from listing agent.  I recall obtaining a quote for flood insurance years ago on another property nearby and having sticker shock (I think it was over $4k/yr) at the time.  The appeal of this deal starts to fade when incorporating flood insurance into my calculations.  

As a novice to flood insurance, is there any recourse to remove this requirement from the property?  Does anyone have experience/leads/resources for obtaining cheap flood insurance in CT?  Any advice is welcome.

[Kelly DeWinter]

@Steve Genna

Flood insurance is not messing with your numbers, it's a cold wet fact with some properties.

The only recourse you have is to:
. move the house to a property outside of the flood zone.
. find a cash buyer that does not require a mortgage
. find a buyer who wants to buy the property regardless of the cost of flood insurance.
. keep the property and rent it or live in it.

Call an insurance agent that sells flood insurance and have them check their data base. It takes 5 mins. A real estate agent would do the same.