Flood insurance is messing with my numbers!
Hi BP Community. I have a potentially good deal in Bridgeport, CT however the property (may) require flood insurance. I say "may" because the description of the property lists a price for flood insurance (which I suspect is low) however I am still awaiting confirmation from listing agent. I recall obtaining a quote for flood insurance years ago on another property nearby and having sticker shock (I think it was over $4k/yr) at the time. The appeal of this deal starts to fade when incorporating flood insurance into my calculations.
As a novice to flood insurance, is there any recourse to remove this requirement from the property? Does anyone have experience/leads/resources for obtaining cheap flood insurance in CT? Any advice is welcome.