I'm not sure if Indiana offers a non-NFIP insurance option or not but if they are like Ohio than NFIP is your only option... however not all agents understand how NFIP works or how to give you coverage options.If your main goal is checking the box for flood insurance at the lowest possible cost I would suggest asking the bank what is the least amount of coverage  and what is the maximum deductible they will accept - then get an agent to quote it that way.I'm NOT saying this is a good idea to insure your property this way - you really need to investigate the risk and talk with your agent on what your level of risk tolerance is.Many agents will try and quote it at the full reconstruction cost amount like it's an owner occupied property.

Always check for mold specifically in upper corners of rooms and bathrooms.

@John ClarkPurchase: 530kDown: 5% (conventional)Seller credit: 7.5kClosing: 10KRehab: 70k (Cash, no improvement loan)Rough 70k breakdown (high level / bigger ticket items): 25K Labor 10K Landscaping 10K Appliances 3K Staircases spiral 3K Paint 3K Counter tops 2K Gutters 2K Vinyl floor 2K Porch/fence/stepsRemaining 10k include materials from Home Depot/ Menards / Lowes... lots of receipts on my end.

The BP Plus or Pro level will give you way more general advertising, networking and search options to zero in on a micro level.

I have sub contractors in my network that could handle any level of work needed.

Contractors you can leave a job with and know they're going to do what you need done up to a level you want to see.   

(Freddie Mac takes aim at FHA with widespread expansion of 3% down mortgages - New HomeOne mortgage has no geographic or income restrictions April 26, 2018) If they have good credit and their income otherwise 'makes sense' relative to income level, and the new job is full time and not 'provisional' or anything like that, this is probably going to be the best route forward. 

If 50,000 AMZN employees fly every month, annual RDU numbers would be back to about 2007 levels.

Connect with me and we'll talk about how we can work together to go to the next level!

I have a relatively amateur level of experience with real estate.