From Florida to California, dwindling insurance options

[GMDino]

(09-01-2023, 11:12 AM)Goalpost Wrote: My understanding is having insurance, and having flood insurance, are two different things.  I believe it's less than 20 percent that have flood insurance 'also'.  Hence, a lot of home owners are preferring to just roll the dice without it..  They get their great water view but just risk it.

It depends on where you live. 

When my parents bought their home in 1975 they were in a "flood zone" and were required to have flood insurance.  Since that time the have improved the area and it is not considered a risk anymore.  Which, IMHO is one thing that should be done to help homeowners.

But I know of others who had HAD to get special insurance or the sale would not go through.