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JimboSaturn · 56-60, M
Sometimes insurance doesn't cover things that are highly probable like flood if you live in a flood zone. I wonder if LA is similar.
Carla · 61-69, F
@JimboSaturn most buyers are required to obtain and retain flood insurance if in a flood zone, regardless the cost.
It's those that live close to those zones that arent required and neglect to get that insurance.
It's those that live close to those zones that arent required and neglect to get that insurance.
JimboSaturn · 56-60, M
@Carla I know people who can't get flood insurance because of the likelyhood of floods.
Carla · 61-69, F
@JimboSaturn really? How did they get a mortgage?
JimboSaturn · 56-60, M
@Carla I don't know, they have house insurance but the insurance doesn't cover flood they said.
Carla · 61-69, F
@JimboSaturn hmm...
In a flood zone. Ive never known a lender that would make that loan. There are ways around using a regular mortgage lender though, i suppose.
In a flood zone. Ive never known a lender that would make that loan. There are ways around using a regular mortgage lender though, i suppose.
JimboSaturn · 56-60, M
@Carla That does make sense.
Carla · 61-69, F
@JimboSaturn thinking about it though...i bet renters might not be able to get flood insurance.