I will be a first time home buyer in New Orleans. We are looking in the Lakeview area. I was wondering

Asked by Gfk, 70005 Tue May 27, 2008

where to start for quotes on homeowners and flood insurance? Does anyone have an idea as to what are the average annual premiums are for that area? I am not sure what other details to provide here. Thanks in advance!

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Ange, Home Seller, New Orleans, LA
Sun Mar 1, 2009
I think 1% of the amount you intend to insure is a pretty accurate estimate as to the annual cost of homeowners and flood.
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Jessie Borre…, Agent, Metairie, LA
Fri Feb 20, 2009
There are many options for insurance, but the first thing you want to explore before you start looking in a previously flooded area for homes is: Are there Road Home covenants attached to the property? Was the damage assessment lowered to less than 50% before the home was renovated? These are just a few questions that are very important when beginning your search. If you would like to visit my website, there is much helpful information. Please visit my website at WesoldItTeam.com. I can put you in touch with several insurance agents that will help you, but one that is readily available to answer your questions isl Lori Cossee with State Farm. She can be reached at (504)836-6268. Another agent gave a referral for Mark Martinez, and he is a good one to call as well.
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Abraham Walk…, Agent, Alexandria, VA
Sun Jul 6, 2008
You can give Mark Martinez a call @ (504)888-2950. He's an insurance agent that can answer all your questions pretaining to Homeowners and Flood Insurance.
If you need any other Real Estate questions answered feel free to email me @ awalker@latterblum.com or call me on cell @ (504)723-3273.
Latter and Blum, Inc. is the only Real Estate company with an office located in the Lakeview Area.
7039 Canal Blvd.
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ian cockburn, Agent, New Orleans, LA
Tue May 27, 2008
If you need a buyers agent, I can help you through the process...for I would strongly advise having someone helping you through the ropes Post Katrina in Lakeview. This can save you alot of time, money and worries...and make sure you will actually close.

1) Get prequalified
2) Get a buyer's agent who knows the area for at least 10 years.
3) Narrow your focus for what you want in a home
4) Identify the risks depending on what you want to buy and exactly where.
Web Reference:  http://iansellsnola.com
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craig miramb…, Agent, Metairie, LA
Tue May 27, 2008
i still need to know some things... raised or not? How High? Homeowners will want to know what type of structure it is (wood, brick, etc), what type of wiring is in the house, previoous claims on the property, etc. I can have you speak with a insurance guy locally that can give you a rough idea if you like. let me know if that would help. he could pull a recent quote in the area and give you a rough idea of what they were quoted.

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Gfk, Home Buyer, 70005
Tue May 27, 2008
Thank you for your quick responses. We have identified several properties that we are interested in but have not settled on one yet. The house would be between 1,300 to 1,800 square feet.
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craig miramb…, Agent, Metairie, LA
Tue May 27, 2008
I am handling Lakeview properties. I have numerous options for insurances. The best is to call and compare. I can give you those numbers. It will all depend on the home. Is it raised? How large? Do you already have a home in mind or are you looking. I can help you with all aspects of this. RealtorCraig@cox.net
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Bay Jackson, , Shreveport, LA
Tue May 27, 2008
I in North Louisiana, so I can't give you first hand advice, but some general information might get you on teh right track. Depending on the flood zone classification and the elevation certificate it can vary drastically. You can survey everyone in the neighborhood and their premiums will vary hundreds of dollars. I would ask your realtor to give you the flood zone classification as well as the elevation certificate (you may have to pay for that) and get quotes from several providers. It can make a big difference in your monthly payment, and you are wise to investigate this now.
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