What is the difference in flood zones for insurance?

Answer To identify a community's flood risk, the Federal Emergency Management Agency (FEMA) conducts a Flood Insurance Study. Various historical and hydrologic data are used to determine the likelihood th... Read More »

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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 »

Where are the flood zones in Houston?

Most of Houston, Texas, is a flood zone. However, there are certain areas that are more prone to serious flooding. Harris County, Montgomery County and Fort Bend County are typically the three hard... Read More »

IF my upstairs condo is untouched by a flood but the building's ground floor is damaged so badly that the entire building is unlivable would my flood insurance protect me?

Let's first review what a condo is. A condominium is an arrangement in which you own your own living space outright (your condo apartment), and you share joint ownership (with all the other condo o... Read More »

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 »