From Florida to California, dwindling insurance options

[Goalpost]

(09-01-2023, 11:30 AM)GMDino Wrote: 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.

And that's possible.  If your home is on the actual water Water, you might have to get flood insurance.  But if you are a street or two away, maybe not a requirement.  And I'm guessing those hurricane surges totally f'd over those without insurance in those locations.

I have a cousin like that in Clearwater.  He's not on the water facing the gulf.  But if he looks across the street, his neighbor sees Clearwater beach.  He's that close and not sure what insurance he carries to be honest with you.