Quote:
Originally Posted by FlaChief58
I've never lived in a flood zone, but have talked to people who do. Most are willing to roll the dice and pray they never have a problem. Also, it's really hard and expensive to get flood insurance if you're in a flood zone.
I'm not sure if mortgage companies require flood insurance though
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When we bought our house, everything was OK. But I refi'd for a lower rate and lo and behold, the flood zone maps had been redrawn and now a corner of my house showed it was in a 100 year flood zone. I argued with the bank that there was no way, they came out and looked and agreed, but the Feds had redrawn the map and the difference was literally the width of a ballpoint pen on satellite photo at 100' scale. There's a 25' drop down to my lower pasture and I might agree that the pasture could be in a flood zone,, but not the house. Well you can get everybody and there brother to look at it and agree with you, but the Feds are only going to buy into a survey. So I paid the $2700 for a new survey and got the LOMA. Otherwise it would have been over $50 a month for the next 17 years and that was for $5K worth of coverage.
To show how crazy flood zones are drawn, I could stand next to the corner of my house and see the tops of the roofs of 3 neighbors' houses that border the same creek I do. None of them were in the flood zone.