From the BiggerPockets Blog

 BiggerPockets Blog »

Jump to Forum View All

Click a category below to view different forum categories.


General Info

BiggerPockets Q&A, Site Questions, & Announcements

1522 topics, 14441 posts — Last Post 04/23/14, 12:16AM

BiggerPockets Exclusive PRO Area

118 topics, 843 posts — Last Post 04/21/14, 12:11PM

New Member Introductions

10956 topics, 86287 posts — Last Post 04/23/14, 04:32AM

Real Estate Success Stories

397 topics, 6186 posts — Last Post 04/22/14, 10:39AM

General Real Estate

General Real Estate

Buying & Selling Real Estate

5980 topics, 47135 posts — Last Post 04/23/14, 04:20AM


649 topics, 5853 posts — Last Post 04/22/14, 09:53PM

Get Foreclosure Help - Help Stop Foreclosure Forum

316 topics, 2557 posts — Last Post 04/21/14, 03:59PM

Home Owner Association (HOA) Issues & Problems Forum

238 topics, 1611 posts — Last Post 04/23/14, 04:02AM

Do it Yourself

658 topics, 6313 posts — Last Post 04/23/14, 01:27AM

Reviews & Feedback

Real Estate Deal Analysis and Advice

3701 topics, 29679 posts — Last Post 04/23/14, 12:23AM

Real Estate Guru, Book & Course Reviews and Discussions

1138 topics, 11588 posts — Last Post 04/22/14, 08:22PM

Ask About A Real Estate Company

742 topics, 7341 posts — Last Post 04/22/14, 11:25PM

Real Estate Investing

Real Estate Strategies


5625 topics, 43879 posts — Last Post 04/23/14, 03:50AM

Rehabbing and House Flipping

3345 topics, 31074 posts — Last Post 04/22/14, 10:06PM

Real Estate Development & New Home Construction

554 topics, 4694 posts — Last Post 04/22/14, 09:17PM

Innovative Strategies

705 topics, 6044 posts — Last Post 04/22/14, 04:06PM

Tax Liens, Notes, Paper, & Cash Flows Discussion

867 topics, 6692 posts — Last Post 04/22/14, 08:22PM

Rent to Own a.k.a. Lease Purchase, Lease Options

697 topics, 4916 posts — Last Post 04/23/14, 03:52AM

1031 Exchanges

143 topics, 1062 posts — Last Post 04/22/14, 03:21PM

Foreclosure Investing

General Foreclosure & Pre-Foreclosure Forums

1691 topics, 11313 posts — Last Post 04/22/14, 09:26PM

HUD, VA, and Tax Sales

416 topics, 3102 posts — Last Post 04/22/14, 01:39PM


1217 topics, 10594 posts — Last Post 04/22/14, 09:38PM

Short Sales

1538 topics, 13139 posts — Last Post 04/22/14, 01:38PM

Landlord & Tenant Forums

Landlord & Rental Property Questions

7233 topics, 71008 posts — Last Post 04/23/14, 04:30AM

Mobile Homes & Mobile Home Park Investing

639 topics, 5143 posts — Last Post 04/23/14, 02:19AM

Investor Basics

Starting Out

7724 topics, 60623 posts — Last Post 04/23/14, 01:06AM

Investor Psychology

431 topics, 6107 posts — Last Post 04/20/14, 06:04AM

General Real Estate Investing

4725 topics, 37300 posts — Last Post 04/22/14, 10:31PM

Real Estate Investor Marketing

1737 topics, 14139 posts — Last Post 04/23/14, 02:44AM

Commercial Real Estate

Commercial Real Estate Investing Forum

1412 topics, 9003 posts — Last Post 04/22/14, 09:04PM

Multi-Family and Apartment Investing

1121 topics, 9348 posts — Last Post 04/22/14, 11:46PM

The Business of Real Estate

Real Estate Technology and the Internet

Real Estate Technology, Social Media & Blogging

644 topics, 4909 posts — Last Post 04/22/14, 12:20PM

Business Basics

Goals, Business Plans & Entities

831 topics, 7564 posts — Last Post 04/22/14, 08:50PM

Real Estate Finance & Legal

Financial, Tax, and Legal

Tax, Legal Issues, Contracts, Self-Directed IRA

2800 topics, 20116 posts — Last Post 04/22/14, 09:59PM

Property Insurance

310 topics, 2055 posts — Last Post 04/22/14, 07:38AM

Personal Finance Discussion

330 topics, 2754 posts — Last Post 04/22/14, 12:06PM

Loans, Mortgages, Credit Lines

Private & Conventional Lending Discussion

2851 topics, 19834 posts — Last Post 04/22/14, 10:54PM

Creative Real Estate Financing

1216 topics, 8836 posts — Last Post 04/23/14, 02:06AM

Crowdfunding Real Estate

35 topics, 463 posts — Last Post 04/19/14, 06:24PM

Real Estate Professionals

Real Estate Professionals

Real Estate Agents

1215 topics, 8018 posts — Last Post 04/22/14, 09:50PM

Bankers, Lenders, and Mortgage Brokers

442 topics, 1929 posts — Last Post 04/22/14, 11:03AM


269 topics, 1690 posts — Last Post 04/22/14, 07:33AM

Local Real Estate

Local Real Estate

Local Real Estate Networking & Recommendations

2007 topics, 11695 posts — Last Post 04/22/14, 10:52PM

Americans & International Real Estate

161 topics, 566 posts — Last Post 04/14/14, 11:19AM

Foreigners Buying in the USA

62 topics, 409 posts — Last Post 04/10/14, 06:27AM

Canadian Real Estate

65 topics, 439 posts — Last Post 04/22/14, 09:27AM


Real Estate Marketplace

Real Estate Marketplace

15070 topics, 54083 posts — Last Post 04/23/14, 04:17AM

Real Estate Events and Happenings

167 topics, 2587 posts — Last Post 04/23/14, 01:09AM


Off Topic


2908 topics, 32435 posts — Last Post 04/23/14, 04:24AM

Housing News & Real Estate Market

918 topics, 8371 posts — Last Post 04/22/14, 09:18PM

BiggerPockets Real Estate Investing Summit

97 topics, 1751 posts — Last Post 04/10/14, 02:27PM

BiggerPockets Resources

Flood Insurance?

12 posts by 10 users


Real Estate Investor · Atlanta, Georgia

I wonder if you buy a separate flood insurace for your rental properties. I have rental properties in Tampa, Atlanta and Las Vegas. I do not worry about Las Vegas, but flood is a threat to my houses in Atlanta and Tampa.

My property insurance excludes any damages caused by flood, which I think is typical.

So, do you guys buy separate flood insurance for your rentals? If so, how much you pay and any recommendation for insurance company?

Real Estate Investor · Montesano, Washington

I buy flood insurance if the lender requires it. Most of my properties are located in a federal flood plain, so they do require it. It's not cheap ($900 a year, or so) and you have to buy a separate policy for each house.

Small_bp-squareBrandon Turner, BiggerPockets
E-Mail: [email protected]
VP of Marketing and Communication - Follow me on Twitter! @BrandonAtBP

Real Estate Investor · Sacramento, California

All flood insurance is backed by the NFIP, the carriers just service the policies. The rates are all the same based on the floodzone and elevation. Buy it from the same agent that provides the landlord insurance. It is inexpensive if you are not in a flood zone. 30%+ of all flood claims are from water/sewer back ups that are generally not covered on landlord policies.

· New York City, New York

Not sure what the laws are like in the states of concern to you but as someone from the NY metro area, get the flood insurance. I have never seen so much damage due to flooding in my life. One coworker of mine told me they had it for years and years and it was a complete waste of money and luckily they had it for this one.

Real Estate Investor · Atlanta, Georgia

I wonder how many landlords have flood insurance for their rentals. $900 a year for each house is not cheap at all.

· New York City, New York

Well I doubt landlords would have those policies unless their properties were near or in flood zones. I think going forward flood zones should be edited based on the frequency and impact of these mega storms have had in recent years.

· Orlando, Florida

I don't have it because all of my houses are in Zone X (low to moderate). I'm taking a bit of a risk, I know. The problem would be if a tropical storm stalled over this area and created rising waters.

Real Estate Investor · Marrero, Louisiana
This is fema flood zone map,
All flood Insurance is Federal.
My properties are all south of New Orleans (yes there is something south of New Orleans other then swamp.) One property is in flood zone X and I pay about $200 dollars a year. The others are in AE and I pay about 1200 a year each.

Real Estate Investor · Tampa, Florida

One of my rentals is in South Tampa but not a mandatory flood zone. Although we haven't had a direct hit from a hurricane since I've been here, we've had some pretty bad storms. I had flood insurance on this rental for a couple of years but cancelled it...yes it's a risk, but so is investing :)

Residential Landlord · Houston, Texas

If you are in a flood zone, check to see if the required flood policy will work with your numbers before you close on the property. Otherwise, we don't get it.

We do tile and same paint in all of our properties so if there is water damage, we could use what we would have paid toward the elective flood premium toward sheet rock, carpet and paint which are all inexpensive.

If you set aside repair/maintenance fund from your cash flow (which you should anyways), that will help offset the costs as well. It really depends on your risk tolerance and whether it makes sense for your area.

Updated: 01:34PM, 10/12/2013

Update: Just want to be clear that if the required policy doesn't work for the deal, don't get the property. Also, keep in mind that if the policy is too expensive, it maybe hard to sell to owner occupants down the line. If the policy is not required,

Cuong Le, NRH Properties
E-Mail: [email protected]

SFR Investor · Annapolis, Maryland

I only pay for flood insurance on the one rental I have in a flood zone (AE) as it is required for the mortgage. The one corner of the structure actually located in the flood zone is a 7' high crawlspace, not used for anything, (although tenants store lawn chairs in there over the winter). The new Biggert-Waters Flood Reform Act is already causing problems in certain areas -- hopefully not mine -- but I have already stopped looking in one of my favorite neighborhoods for my next purchase as it will definitely be affected, and I do not want any risk of huge increases in flood insurance premiums.

SFR Investor · Friendswood, Texas

I do or homes even not in flood zone area but all my homes are south houston. So chance of tropical storm or flood is very to me paying for the policy is well worth it. Even if not required

Sign up