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Insurance
HomeForumsInsuranceFlorida: Flood insurance for rental property
Prashant Prahlad's profile image
Prashant Prahlad's profile image
Prashant Prahlad
  • Investor
  • from Seattle, Washington
  • Member since Sep 10, 2016
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Prashant Prahlad's profile image
Prashant Prahlad's profile image
Prashant Prahlad
  • Investor
  • from Seattle, Washington
  • Member since Sep 10, 2016
Connect
Prashant Prahlad
  • Investor
  • Seattle, WA
1
Votes |
5
Posts
Insurance

Florida: Flood insurance for rental property

Prashant Prahlad
  • Investor
  • Seattle, WA
Posted Jan 14 2021, 08:56

I’m trying to get a mortgage on a rental property in St. Petersburg Florida, which is a relatively safe area (from flooding perspective). The quotes I’m getting from  2-3 providers is astronomical. For a 200k house, the annual premium is $5-$6k, which kills any cash flow. What am I missing here? 

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