You are welcome to PM me if you want more insights. 

@Greg H.Thanks for that insight.

Any insight would be much appreciated!

Granted, these properties were sold OVER value so it is ok that they went, but just curious as to what step I should take first.If you are a lender, I would be interested in talking about your loan programs also.Thank you for your insight.

And if this was the only time. 2) Ask for an Elevation Certificate  (link here if you don't know what it is)  3) try to get a DECLARATION page (same link if you don't know what it is) reason being a savvy agent can port over the rate if the seller is getting a killer rate due to government subsidies. 4) you can either shop the NFIP and private flood market to make sure you are getting the best price and best coverage. 5) make sure you are working with an agent that understands flood insurance (ask how many flood policies they have under 700 - Not an expert) 6) Google search "Lloyds of London flood insurance" know there is more than one option and you can hire a firm to shop them all or do it yourself. 7) Google search "Private flood Insurance" Know there are a great number of alternative to the government program (NFIP) and they are not all equal so again working with a flood expert could make this option a much easier option. 8) ask your loan officer or realtor if they know of anyone that really understand flood insurance and an expert agent that can make sure that the loan closing isn't delayed due to incompetence in this field. 9) let me know if I can help.

Maybe I'm looking in the wrong places, but I'd welcome anyone's insight on this. 

Maybe I'm looking in the wrong places, but I'd welcome anyone's insight on this. 

Wow, thanks for the insight Jennifer, getting an actual scenario on the numbers really help understand which side of the wind is blowing.

Thank you for your time and insight-you're answer is a big help. 

It is always helpful to get some guidance from the experts.