Quote:
Originally Posted by BrianL99
I can't even see it and I posted it. I'll try it again.
[FEMA doesn't necessarily "change the map", but will issue the letter.]
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I handled Flood Claims for many years before retirement. The page posted from the FEMA site is correct. It is up to you to do it and pay the expense. I have no idea what it would cost now a days. You need to know exactly what your elevation is at. Just because FEMA sets an elevation for a 100 or 500 year flood does not mean that you will never get flooded. I have seen hundreds of homes flooded that should not have been flooded.
Here is an options for insurance. The mortgage company is going to require flood insurance but you do not have to take the maximum of $250,000. You can take less but you will not qualify for Replacement Cost coverage. Chances are that if you ever did get flooded it would be minimal damage to flooring maybe a few inches at most. Since the house is new depreciating would be minimal.