Updated almost 6 years ago on . Most recent reply
Flood Insurance in Savannah
Hello all!
I am looking at the Savannah, GA/surrounding areas for single family rentals and was wondering about flood insurance costs in the area. I’ve browsed the Savannah posts from local investors, but have not seen much mention of flood insurance premiums as being prohibitive to a cash flowing property.
What is the typical cost of flood insurance in the area? Would this cost be enough to erode (pun intended!) any potential cash flows?
I assume the premiums increase as you get closer to the high-probability flood zones. Are there any areas to avoid due to the high possibility that there will be a flood?
Would love to hear from Savannah investors and would appreciate if they can share their experience!
Dan