[StarbuckSammy]

Great response....

[mulligan]

storm drain and sewer are two separate issues. Has anyone sorted this out??

[skyguy79]

Originally Posted by mulligan

storm drain and sewer are two separate issues. Has anyone sorted this out??

Good question! I checked with my agent and was told that there is this type of coverage under ""Water Backup/Sump overflow" in my ASI policy, and that would cover sewerage backups such as via toilet. If you don't see that verbage in your policy, contact your agent and check with them and see if you're covered for such crappy situations.

[natickdan]

I received a flood insurance quote for $313, but we have opted not to purchase it. Our AIIC insurance agent told me yesterday that she doesn't recommend Flood Insurance because of how the land in/around TV is rated.

[skyguy79]

Originally Posted by natickdan

I received a flood insurance quote for $313, but we have opted not to purchase it. Our AIIC insurance agent told me yesterday that she doesn't recommend Flood Insurance because of how the land in/around TV is rated.

No need for flood insurance is most likely true, but there is no such thing as 0% probability and it's for each of us to decide if it's worth getting. Personally we are going to wait until we are physically at the home we're purchasing and make a topigraphical judgement as to the elevation of the home on the site as well as look at other factors before deciding on if we'll obtain the FI and just how much. We were quoted the following costs of coverage available:

Building / contents
$20,000/ $8,000 = $129.00
30,000/ 12,000 = $160.00
50,000/20,000 = $211.00
75,000/30,000 = $247.00
100,000/40,000 = $274.00
125,000/50,000= $294.00
150,000/60,000 = $313.00
200,000/80,000 = $343.00
250,000/100,000 = $365.00

[mcnabb24]

We are in the process of closing on a preowned home in Village de la vista north (Sumter county). Because we will be taking out a mortgage, due to a recent FEMA survey (2008), the bank is requiring us to buy flood insurance. It has been determined that it is a special flood area.

[Dynasty]

How much coverage should one buy? Is it based on the price of your dwelling such as with homeowners insurance? Or is it based on the amount of the loss you may think you will have? If it is based on the cost of my house I think the $125,000 (125/50 $294 premium) should cover me (house minus lot). If it is based on the loss I would think replacing all floor coverings, contents, and drywall 12 inches up and molding the 30/12 for $164 should do it.