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pattsfarm, Other/Just Looking in Marianna, FL

Do you have to have flood insurance?

Asked by pattsfarm, Marianna, FL Fri May 10, 2013

This question was asked from http://www.trulia.com/property/3089168786-511-Lake-Shore-Dr-…

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Mary McNair’s answer
If you are getting mortgage, the mortgage underwriters will tell what types of coverage the required on the specific property in order to guarantee their interests are protected.

However, if you paid cash, you have to decide what amount of risk you can afford to take. Basically, can you afford to cover all the damage and loss of belongings if a flood damages or destroys your home.
0 votes Thank Flag Link Sat May 11, 2013
As part of the processing and underwriting of a mortgage, a Flood Cert will be obtained by the mortgage company. This Flood Cert will identify the type of Flood Zone the property is located in.

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Regards,
Rodney Mason, NMLS #151088
Sr Loan Officer
Prospect Mortgage
825 Juniper St NE, Atlanta, GA 30308
Office: (404) 591-2453
rodney.mason@prospectmtg.com
Apply Online at http://www.rodneymason.com
Licensed in Alabama & Georgia with over a decade of mortgage lending experience.

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0 votes Thank Flag Link Fri May 10, 2013
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