Does a person need flood insurance?

Answer According to the National Flood Insurance Program, homes and businesses located in high risk flood areas with federally regulated mortgages are mandated to have flood insurance. Although not requir... Read More »

Top Q&A For: Does a person need flood insurance

Do you need to have flood insurance in a flood zone?

Not if you don't have a mortgage.But if you have a standard mortgage, one of the conditions of that mortgage, is that you carry both hazard and flood insurance, if the property is located in a high... Read More »

How much term life insurance does a person need?

If you have a family to protect, you need to make sure you have sufficient life insurance coverage in place, but it can be hard to know just how much coverage you need. Deciding how much life insur... Read More »

What kind of insurance does a self employed person need?

Just as with any other cost of doing business, When the expense is incurred in the course of production or service then those costs should be included in expenses.

Are lenders requiring flood insurance in flood zones?

On One Hand: Insurance is NecessaryAccording to the United States Department of the Treasury, banks have to require you to purchase flood insurance before giving you a mortgage if the property is o... Read More »