Talk of The Villages Florida - Rentals, Entertainment & More
Talk of The Villages Florida - Rentals, Entertainment & More
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#76
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Home Owner’s Insurance
Home owner’s insurance does not cover damage caused by any water coming from the ground up . . . . flood, rain water runoff, swimming pool overflow, none. Only flood insurance covers damage caused by ground water.
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#77
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#78
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Although this issue is on our list to research before buying, I thank the OP and respondents, as it reinforces the importance of doing a thorough job of due diligence before purchasing and not just depending on what sales people say - or don't say.
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#79
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As to fees for tee time, newspaper etc my first response is that services are never free. Who works for nothing? Of course you have to pay for them one way or another. ‘There is no such thing as a free lunch.’ |
#80
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#81
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I was in the flood insurance claims business for over 25 years. You don’t have to be near water to get flooded. Find out what zone you are in first. My guess it’s an X zone which is underestimated since it’s a new area. You only need to insure the house. The mortgage company doesn’t care about your contents. The maximum insurance you can get on a home is $250k. Just get enough to satisfy the mortgage company. It should not be too expensive. Your HO insurance will not cover anything damaged by FLOOD. A broken water pipe that floods your hose is covered by HO insurance not Flood insurance.
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#82
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Every current and potential homeowner should check floodfactor.com to see the prediction for future flooding of their property.
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#83
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we heard that info from our realtor months ago. there was a delay in build due to some sort of flood zone issue the developer was dealing with.
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#84
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7 yrs ago we placed an offer on a modular in the Historic section that is on the large water feature that had the island and waterfalls facing 27/441. During negotiations, we were checking the insurance and sure enough, that was considered a flood zone. Not only was the insurance higher due to modular, but excessive due to the "flood zone". Ridiculous. Man-made, villages controlled but still required.
Since then we get all the costs before we negotiate. |
#85
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2080 Aber lane, villages
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#86
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#87
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I'm on a pond in CC we asked before hand, not in flood zone, insurance is same as prior home not near any water.
What street R U on
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Nova Water filters |
#88
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The Villages does what is required by law. This is not their “first rodeo” and they have lawyers to make sure they do what is required by Florida law. That said, if you think more should be disclosed to buyers of property, regarding flood and sinkhole potential, then you should contact your Legislators and Governor to get laws changed in Florida. Understand up front the changes will not come easy. Regardless, due diligence when purchasing property is always the best thing to do.
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Most people are as happy as they make up their mind to be. Abraham Lincoln |
#89
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Too bad we never saw that as we dont currently live there and were not aware of talk of TV then...
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#90
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We did not find out about the flood situation until after the house was already planned and the deposit of 20% paid. Now that we have to get insurance for the closing we find out that our premiums will double in cost
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