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Updated over 5 years ago,

User Stats

44
Posts
22
Votes
Jennie Carolan
  • Rental Property Investor
  • Newport Beach, CA
22
Votes |
44
Posts

Flood insurance cutting WAY into our cash flow...

Jennie Carolan
  • Rental Property Investor
  • Newport Beach, CA
Posted

My husband and I just recently bought a SFH in Saint Petersburg FL. The property is elevated and there is a big drain in the back. However, it is still in a flood zone and we were quoted at $4,000 for the YEAR in Flood Insurance. The flood insurance and home insurance is almost as much as the mortgage... we are set to close on Oct 14. Any and all help and advice... please!

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