Can your mortgage company force you into buying flood insurance?

forced flood insurance

Can your mortgage company force you into buying flood insurance?

i am in agreement with brian. not only that, despite your desire to avoid flood insurance, i can assure you that you'll be thankful should a flood ever occur.

As a professional engineer and a certified floodplain manager, I have seen this issue countless times all over the United States. Here are the facts:

-A lender is required by Federal Law to force the purchase of flood insurance if your home (or sometimes just a portion of your property) if it appears in a Special Flood Hazard Area.

-Flooding is the nation's %231 natural disaster. About a quarter of all flood claims are in homes that aren't even designated in a Special Flood Hazard Area.

-FEMA was self funded by flood insurance premiums for 30 years, until Hurricane Katrina in 2005.

-Hurricane Katrina alone did m... http://insure.ucoz.com/news/forced_flood_insurance/2013-06-22-3991