Homeowners Insurance In Englewood Fl (sunshine)

[mr&mrssunshine]

thanks Brad :-)

[sware2cod]

Originally Posted by Pork Chop

I called for a quote and was told that to get a quote on flood insurance that if the house was built after 1974 and was in a A or V flood zone that I would have to have the flood elevation certificate for that property that was done by a surveyor before quoting or I would just wasting my time. So my search continues....

the elevation cert will tell the elevation of the HOUSE as measure on the lot. Then it is compared to to the FEMA required elevation. If the home is AT or ABOVE FEMA elevation, flood insurance should be decent. If below, it would likely be sky high.

ask the current owner or listing agent for a copy of their elevation certificate so you can get insurance quotes.

[MikMal]

Originally Posted by sware2cod

the elevation cert will tell the elevation of the HOUSE as measure on the lot. Then it is compared to to the FEMA required elevation. If the home is AT or ABOVE FEMA elevation, flood insurance should be decent. If below, it would likely be sky high.

ask the current owner or listing agent for a copy of their elevation certificate so you can get insurance quotes.

My mortgage company had me ask the insurance company if my "property is eligible for rating under the Grandfather Rule of the National Flood Insurance Program". Thankfully it was. It saved me literally thousands!

[sware2cod]

Originally Posted by MikMal

My mortgage company had me ask the insurance company if my "property is eligible for rating under the Grandfather Rule of the National Flood Insurance Program". Thankfully it was. It saved me literally thousands!

For older homes (pre 1970s, I think), if the home was built prior to when FEMA created flood maps and elevation rules for the lot, then the home is usually considered grandfathered in. In many cases, the home's elevation is lower than FEMA's required elevation. However, since there were no required elevations when the home was built, it was perfect ok at the time. These homes can be great deals on flood insurance.

[wpc691]

Originally Posted by sware2cod

For older homes (pre 1970s, I think), if the home was built prior to when FEMA created flood maps and elevation rules for the lot, then the home is usually considered grandfathered in. In many cases, the home's elevation is lower than FEMA's required elevation. However, since there were no required elevations when the home was built, it was perfect ok at the time. These homes can be great deals on flood insurance.

Are you sure about that? Any pre-1978 houses we looked at were maybe 6 feet above MLT, and the insurance quotes were 6 or 7 or 8 thousand bucks. If you find an old house that happens to meet one of the post '78 (I think it's '78) elevation requirements, it might be a bargain.

[gettinoutofjersey]

Originally Posted by MikMal

My mortgage company had me ask the insurance company if my "property is eligible for rating under the Grandfather Rule of the National Flood Insurance Program". Thankfully it was. It saved me literally thousands!

i am told that the commision paid on flood policies to the agent is rather large in comparison to other policies. thus, there is no motivation to look at grandfathering to reduce the premium.

[sware2cod]

Originally Posted by wpc691

Are you sure about that? Any pre-1978 houses we looked at were maybe 6 feet above MLT, and the insurance quotes were 6 or 7 or 8 thousand bucks. If you find an old house that happens to meet one of the post '78 (I think it's '78) elevationequirements, it might be a bargain.

I am not sure of the dates for when they become grandfathered. It might be based on when the flood maps were first created for that parcel....or maybe it is the first date the entire flood map and rule went into effect. thought it was a date in the 1960s but not really sure. But there is some magic date when all of a sudden an old house gets real real cheap for flood insurance.

hopefully someone else will chime in.

[Salty Dave]

Found this, maybe it might help......
http://www.floodsmart.gov/floodsmart...gents-2010.pdf

[jakejohn]

for some reason fema site down, 7-12-12

[mr&mrssunshine]

Originally Posted by jakejohn

for some reason fema site down, 7-12-12

'flooded' with hits ?????