Purchase in a Flood Zone
What are the thing to be aware of when buying a Multifamily property in a Fema flood zone as far as insurance is concerned?
1. is it very costly ? what are the potential costs ?
2. can a new purchaser denied from purchasing new policy ?
3. does it matter how many units does the property contain (multifamily or single family ) and are they treated the same ?
any information would be very appreciated as I live in florida and flood zones are a consideration in any
Regards,