All Forum Posts by: Justin S.

If you buy in a flood zone or really just about anywhere it's worth adding flood insurance. Remember you just need building and I'd tell the tenants to buy personal property. Just another cost to work in but I wouldn't run or think twice about a place that may flood. NFIP is great and easy to use but if you end up in a market where the rate there is very high see what private market offers.

I've used Bovard Anderson for years and been happy 

 You couldn't be more correct. I've seen hundreds of agents if not thousands who don't know a thing about the product they sell. In the end it's the same product but not every company treats it the same way on the adjusting side either 

On the other points flood insurance is cheap if you're not in a SFHA and worth adding for a lot of people. A basement, even with all it's limitations, could still be a few thousand dollar loss on a very minor flood to tens of thousands on a more severe flood now if you think of a tiny bit of water in a slab or onto a first floor and you've got a huge mess

As others have said you may be able to get a LOMA based on an updated EC (elevation certificate) you could have done and maybe it knocks you down from the AE zone. 

Either way I would plan on having flood insurance. Can't tell you the amount of times I've gone to a street and it's a X zone and 1 person of say 10 has flood insurance. They will be getting their repairs done and the rest are out of pocket, which often results in a few walking away with big losses

What Danny said is correct. Further you can look at the zone and see if it's special flood hazard area (mortgage mandates flood insurance) or not. Although, be mindful that a huge percent of flooding happens in X zone (non-mapped not high risk area)

This popped up but looked like the last post was deleted. Anyways, I ended up using Bovard Anderson for my property and it's been fine 

One of the biggest issues with BP I think is how bad the search is (and layout) and especially show for the marketplace 

Andy the zone makes the biggest difference. Once you get past that the deductible and amount of coverage matter

Pull up the FEMA firmete and see what it tells you for zone you are in. If it's not a special flood hazard area you won't need to have it but it may still be a good idea. If you are in one then yes anything mortgage wise would require it and you should probably look into anyways (a minimal amount at least). It's the same policy between companies (unless you go private) however they all handle it slightly differently. 

To put it simple no. It's tough if you don't but it will also force you to learn to sell yourself and improve all around to gain an edge.

I would say go travel some and then look for someone you can work for even if it's for pennies. Hustle and learn and if you have the drive you'll be successful.