Della Allen, Home Buyer in Red Bluff, CA

What do you pay for home ownrs & flood insurance in the Jupiter road area of so. Venice? Private parties please & not ins. websites or agents. T.U.

Asked by Della Allen, Red Bluff, CA Tue Sep 10, 2013

This question was asked from http://www.trulia.com/property/3128748241-1556-Jupiter-Rd-Ve…

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Answers

5
Rates and flood zone maps are changing. Flood insurance rates change as of October 1, 2013. There are going to be some surprises coming down the pipe, it is best to talk to an insurance agent to get the latest info.
Even if you had a private party respond to this in that area, their rates are also likely to be changing.

All the Best,
Jim Sweat, ABR, CRS, CDPE, GRI, e-PRO, ILHM
REALTOR

Author of REAL ESTATE CSI: CONTROVERSY, SECRETS & INSIGHT (availalable 2013)
941-306-7384
American Realty of Venice http://www.JimSweat.comhttp://www.ExplainShortSales.comhttp:…

A Proven Professional Working for You!
18 Years Experience
1 vote Thank Flag Link Tue Sep 10, 2013
Homeowner insurance – Insurance rates vary by age of home, size of home,
conditions of home, and location of home. Insurance is more expensive if you live
near any type of water – pond, lake, river, Gulf. Insurance is more expensive if
home was not built to current hurricane standards. You can get discounts the home
qualifies for by having a wind mitigation inspection done at the same time as your
home inspection. Discounts are available for building features that reduce damage
during high wind events. Overall discounts include things such as age of home, style
of roof, how close the home is to a body of water, how close to a fire hydrant, how
the roof is tied down, if the home has hurricane shutters or impact resistant
windows, frame or block home, etc. If the home is in a flood zone, the insurance
company will require a flood elevation certificate. That can be obtained by paying a
survey company to prepare it. To check Flood Zones go to http://www.floodsmart.gov and
type in the address of the property. It will give you the flood zone, rates, and
insurance companies.

Tammy Hayes, Realtor
Re/Max Palm Realty
tammyhayesre@gmail.com
941-276-6185
http://www.tammyhayes.remax-florida.com/
1 vote Thank Flag Link Tue Sep 10, 2013
Hi Della,
You really should speak with an insurance agent as there are many changes underway regarding flood insurance. The rates can differ significantly depeding upon new home ownership vs continuous home ownership. If you are thinking about buying in the area, it would be worth having that conversation with an insurance professional. I have several that I can refer to you if you'd like.
Kathleen
1 vote Thank Flag Link Tue Sep 10, 2013
In Florida, we pay for three different insurance policies. Home Owners, Wind Insurance and Flood Insurance. Flood Insurance could be optional based on the flood zone in which your home is located.
0 votes Thank Flag Link Wed Sep 11, 2013
Homeowner insurance – Insurance rates vary by age of home, size of home,
conditions of home, and location of home. Insurance is more expensive if you live
near any type of water – pond, lake, river, Gulf. Insurance is more expensive if
home was not built to current hurricane standards. You can get discounts the home
qualifies for by having a wind mitigation inspection done at the same time as your
home inspection. Discounts are available for building features that reduce damage
during high wind events. Overall discounts include things such as age of home, style
of roof, how close the home is to a body of water, how close to a fire hydrant, how
the roof is tied down, if the home has hurricane shutters or impact resistant
windows, frame or block home, etc. If the home is in a flood zone, the insurance
company will require a flood elevation certificate. That can be obtained by paying a
survey company to prepare it. To check Flood Zones go to http://www.floodsmart.gov and
type in the address of the property. It will give you the flood zone, rates, and
insurance companies.

Tammy Hayes, Realtor
Re/Max Palm Realty
tammyhayesre@gmail.com
941-276-6185
http://www.tammyhayes.remax-florida.com/
0 votes Thank Flag Link Tue Sep 10, 2013
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