Home Insurance Blog

Jan,

While I can’t speak on behalf of all lenders, I can say that if one lender is requiring flood insurance- most others will most likely do the same.  The reason this holds true is because lenders usually base their flood requirements for each customer on the type of flood zone the home is in. They access maps from FEMA’s National Flood Insurance Program to see if the flood zone is a low, moderate or high risk flood area. Most lenders require that customers whose homes lie in a moderate-high risk zone carry flood insurance.

While you may find a lender who’s requirements differ from another- you may want to heed the warning of the cautionary lender. If your home lies in moderate-high risk flood zone it is always in your best interest to stay protected and purchase flood insurance.

Check out our latest press release on flood insurance for more information.

Thanks,

Your Agent@HomeInsurance.com