Flood insurance in Ocala? (homes, neighborhood, deductible)

[rosco917]

Is it necessary to carry flood insurance in Ocala?

[rjm1cc]

The answer depends on the likelihood that your property will flood. Thus it is not necessary everywhere.
There has been flooding so I would try and research newspaper articles about flooding in the area you are looking at. Search around Hurricanes.
The Fed gov also has flood maps. But once you think you have a lot picked out I would ask your neighbors how long they have lived there and if there has been any flooding.
When you say Ocala do you mean the city or Marion County which is the size of a small state?

[dontaskwhy]

You can determine the probability of flooding at the Marion County Property Search internet site MCPA Search Agree by looking up a property with many search options and from there, you can see the current flood plain estimates.

Any local Realtor in this area can easily find it for you. I am not a current Realtor but was for almost 4 years here in Ocala. Flood insurance is not always required. For instance, my home is well above the flood level and I am not required to carry additional flood insurance. It all depends on where your home/property is located

[Charlie&Rose]

Originally Posted by dontaskwhy

You can determine the probability of flooding at the Marion County Property Search internet site MCPA Search Agree by looking up a property with many search options and from there, you can see the current flood plain estimates.

Any local Realtor in this area can easily find it for you. I am not a current Realtor but was for almost 4 years here in Ocala. Flood insurance is not always required. For instance, my home is well above the flood level and I am not required to carry additional flood insurance. It all depends on where your home/property is located

dontaskwhy, Since you where a Realtor, and live in the area, I will ask you about sinkholes. Is it a problem in the Ocala area? Do most have sinkhole Ins? Is it true the home owner pays the first 25k, even with ins? TIA

[dontaskwhy]

Sinkholes can be an issue in certain areas. Not all sinkholes result in homes being destroyed or condemned. It's something you get accustomed to hearing about, kind of like snow up North. Every sinkhole policy can differ, but yes there is always some type of deductible that must be paid by the homeowner before insurance pays anything. Best to ask a homeowner insurance agent for details.

Some sinkholes are very small and don't affect nearby homes. In my neighborhood we had a "barrel sinkhole" open on the edge of a retention pond. When it was determined to be self-contained and threatening no homes it was quickly mediated and we have no problems since then.