Would like to move closer to water, help choosing neighborhood (Kingston: mortgage, homes)
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Talking about flood insurance. Flood ins is based on how often you may be flooded in 100 year period. Why would there be a difference?
Ask the NYS insurance department. They allow insurers on LI to forego insuring homes within a mile of water. I'm not really sure why you're conflating a lake in upstate NY with the completely different variable of tidal waters on an island.
Ask the NYS insurance department. They allow insurers on LI to forego insuring homes within a mile of water. I'm not really sure why you're conflating a lake in upstate NY with the completely different variable of tidal waters on an island.
see unless your house is on the water, you dont get the benefits of it, you just live in a high risk flood zone for no reason.
and if you do live on the water, I guess its good if your into boating, because you wont have a big back yard, and you will to close to your neighbors to actually have some privacy
Some live within close proximity to the beach. I agree living directly on the water broadens your ability for boating.
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Keep in mind even if you are not in a flood zone if you are within a mile of the water - any water - as the crow flies it will be very difficult to get HO insurance.
I've heard this stated for years but never seen it in practice. Everyone I know that lives on the ocean or bay has never had an issue getting homeowners insurance.
but by all means as a former insurance agent on LI I'm sure someone who lives on lake ontario knows better, as does someone who allegedly has many friends who live "on the ocean" and makes a point to drill down to their insurance and how they got it.
Nevermind living on or near the water, several insurance companies are not writing on Long Island at all, due to the possibility of a hurricane. We had been with State Farm at our condo and we wanted to move to USAA when we bought the house in 1997. They had stopped writing on LI due to hurricanes.
flood zone shouldn't be an automatic strike against a property. If the first floor of the house is at a high enough elevation, the risk (and flood insurance costs) is likely minimal.
Unfortunately it does. I am in the insurance business and we insure a home overlooking the the water in Kings point. He was quoted 24,000 for his flood insurance but decided to stay with the flood insurance the mortgage company gave him for a lot less.Most companies won't write if your home is within 1 mile of the water. Kingstone and UPC insurance will though.
Just curious, I'm not from the area, but there most likely are realtors that specialize in waterfront properties. Are you engaging with a "buyers" agent? One more point, if your realtor knows what your looking for, they may alert you to some new listings before they make it to the market.
The area I’m looking at is too wide to be covered by one agent. And I thought that I can do online search as well as an agent.
I’m ok waiting for property to come on a market, I would not want to jump on any property immediately.
One thing that concerns me though, in drive by, I have seen for sale signs but when I wanted to check the property online, I could not find it. That made me think that maybe I am missing something and not every property comes on MLS
The area I’m looking at is too wide to be covered by one agent. And I thought that I can do online search as well as an agent.
I’m ok waiting for property to come on a market, I would not want to jump on any property immediately.
One thing that concerns me though, in drive by, I have seen for sale signs but when I wanted to check the property online, I could not find it. That made me think that maybe I am missing something and not every property comes on MLS
What website are you using for MLS?
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