Quote:
Originally Posted by KevKaos
I see homes in Hampstead valued around $300K-$350K that the estimate the insurance is $67 a month. Is that realistic? I'm wondering if most of Hampstead is outside of or in a flood plain? Ive tried to look at the NC web site on flood plain mapping and cant get anything to display. I think I can handle the chance of hurricanes and such, just wondering if flooding is much of a risk on the mainland side, and what the associated flood and/or wind type damage coverages cost people in that area since most the houses seem to be in a pretty close price range.
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The $67/month probably only covers the household contents. You will also need to carry wind and hail coverage (AKA hurricane coverage). That does get expensive, and I have been told that everyone east of I-95 has to have it.
We have a house worth about $300,000 and our homeowners insurance is about $2300/year. That is about $1600 for the wind and hail, and the rest for homeowner contents.
FWIW, our property tax in Onslow county is about $1900/year compared to about $4800 in Silver Spring Maryland. So what we saved in tax, we pay out in insurance.
Flood insurance is mostly not required unless you are on the beach or on a creek. Try this map and set the map theme to flood zone. I am using the Chrome browser.
http://fris.nc.gov/fris/Index.aspx?F...neral%20Public