Home |
Search |
Today's Posts |
#1
Posted to misc.consumers.house
|
|||
|
|||
Condo Flood Insurance Rates - high risk flood zone
Hi everyone -
We recently moved to a condo in a flood zone. Before we moved, the building's flood insurance premium shot up - literally many times what was being paid. Our building has 9 units (5 floors) and no basement. For $900,000 of coverage (building only), we are now paying a yearly premium of $12,000. We are in a high risk area - A05 to be exact with an elevation difference of -4. I understand that the flood insurance rates are set - but $12,000 just seems crazy. I've tried calling a few insurance agencies, but no one wants to spend the time to check the rate (since the rates are supposedly fixed). Can anyone provide a sanity check? Does $12,000 for $900,000 of coverage make sense...or is something up with our insurance company? Thanks in advance, Marc |
Thread Tools | Search this Thread |
Display Modes | |
|
|
Similar Threads | ||||
Thread | Forum | |||
Homeowners Insurance 101 | THIS OLD HOUSE | Home Ownership | |||
trenching and other uses of a high pressure washer | Home Repair | |||
Nice write up about LEDs | Metalworking | |||
Shop Insurance..... | Metalworking | |||
Thoughts On Why We Are Getting Our Ass Kicked | Woodworking |