All Forum Posts by: Bobby Beard

@Tom Meade I live in the middle of no where and as far as I know (lack of research) the survey company here is the only one. I want to say they quoted me 1200. Said the office ppw has gotten intense now and it takes them several hours to write the EC.....

Also unless I'm misunderstanding your last statement, the nfip insurance doesn't cover anything that isn't under the enclosed walls of the house and garage. No landscaping, erosion or anything. During hurricane sandy they wouldn't pay for sand removal unless it was inside the home. I seen yards 4 foot deep. Not covered. It's a very limited policy. If the structure itself isn't in the flood zone it shouldn't need the coverage. Check out the msc.fema.gov site and use the magnifying glass to be sure.

Thanks everybody! I will update when I do what ever it is I'm going to do with this oddity!

I'm jealous! Congrats!!!!

I have gained more knowledge here reading every night then I have in any other way. I love BP!

@Leonid Solomonik msc.fema.gov

Flood zone x is the lesser of the evils. However things can change that. I bought a house about 14 months ago in flood zone x for 300ish a year. The renewal came at 1400ish. They are requiring a elevation certificate that runs over 1000.00 but either way the premium is going up and will each year for the next 5 years. Don't get stuck in a house that the insurance sky rockets on you. I am going to pay this house off so I won't have to carry the insurance.

Good luck Rhonda Jones

Btw I am a certified and licensed "flood" adjuster. I know how flood insurance works but not exactly how home owners works. It's not that much different but enough that I would have to research and contact friends in all lines adjusting. I couldn't give you 100% yes and no's but enough of an idea on where to go from what they offer.

Never use a public adjuster IMHO! You will give them 10% and chances are they won't do anything to deserve it! There is very limited coverage in basements and you don't want to give away 10% of it for nothing and you most likely won't get full replacement cost as it's a rental property and not primary? Once the adjusters come out and you need some help looking over the claim let me know and I will do my best to help you for free as part of the BP community. Bobby

I can also point you to a web site to be able to pull your own mapettes (flood maps) per address. If interested.

I am a certified flood adjuster. End of last year the rates were in unsubsidized. Any policies written after middle of 2012 will require a elevation certificate. AND the rates will go up each year for the next 5 years to off set the rising cost of floods. The department of defense is the agency overseeing the nfip, nfip allows carriers to write policies for the nfip. There is no such thing as shopping around. All the prices are set solely by the nfip and are the same no matter what carrier you chose to go with. I strongly suggest you run away from any property that it's required on until this rate hike has come full term. If anybody has any questions I will be glad to try and help.

I fully believe this is a unforeseen home value crusher on the coast. I feel houses on the coast are about to be affordable to anybody that can afford 10k plus a year insurance.