Home Buying in Warsaw>Question Details

Debra Jett, Home Buyer in Leitchfield, KY

how much would flood insurance be on chapman lakefront 160x100 lot?

Asked by Debra Jett, Leitchfield, KY Sat Apr 13, 2013

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I would first suggest that an elevation survey be completed to establish the flood zone area. This may show that the structure in not in the flood plain and flood insurance would not be required to have a mortgage on the property. You can also file for a LOMA or Letter of map amendment with FEMA and US army corps to remove the property from the flood plain if the elevation survey shows that the ground is higher. As for premiums for flood insurance, this will vary greatly with the value of the property and proximity to the flood plain. Contact Dan Woods at Hall & Marose insurance for a specific quote for your address. 574267-3266
0 votes Thank Flag Link Tue Dec 17, 2013
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