zone ae flood insurance - Pensacola Fishing Forum

Go Back   Pensacola Fishing Forum > General Discussion > General Discussion

Like Tree3Likes
Reply
 
Thread Tools Search this Thread Display Modes
Old 08-04-2015, 05:40 PM   #1
Senior Member
Mingo
 
Join Date: Mar 2015
Posts: 136
Default zone ae flood insurance

Can anyone that lives in zone ae tell me what they are paying in flood insurance? I'm looking at potential homes to buy and wanted to know if its too cost prohibitive.

Thanks
sabanist is offline   Reply With Quote Quick reply to this message
 

Sponsored Links
Advertisement
 
Old 08-04-2015, 05:45 PM   #2
Senior Member
Sailfish
 
Dagwood's Avatar
 
Join Date: Oct 2007
Location: pace,fl
Posts: 1,957
Default

Why not just give an agent a call and get them to quote the house you are looking at?
2RC's II likes this.
Dagwood is offline   Reply With Quote Quick reply to this message
Old 08-04-2015, 06:59 PM   #3
Member
Ruby Red Lip
 
Join Date: Aug 2014
Location: Gulf Breeze
Posts: 72
Default Quote

Second Dagwood, but a word of advise is to get a quote for both before pulling the trigger. When one is high so is the other. You want to ask about mitigation credits depending on the age of the house. Good luck
2RC's II likes this.
LibertyBelle1326 is offline   Reply With Quote Quick reply to this message
Sponsored Links
Advertisement
 
Old 08-04-2015, 07:01 PM   #4
Registered User
White Marlin
 
Join Date: Feb 2012
Location: gulf breeze
Posts: 3,774
Default

Mitigation should not matter on Flood just wind. Well unless the property has been raised in which case you will not need flood. Unless the mortgage co. requires it.
2RC's II is offline   Reply With Quote Quick reply to this message
Old 08-04-2015, 07:02 PM   #5
eating tasty
White Marlin
 
FenderBender's Avatar
 
Join Date: Oct 2007
Location: Pcola
Posts: 3,573
Default

You will need an elevation certificate to even get a quote in that zone. Very case sensitive. Been there, done that. Could be anywhere from $500 a year to 10k
nextstep likes this.
FenderBender is offline   Reply With Quote Quick reply to this message
Old 08-04-2015, 07:10 PM   #6
Registered User
White Marlin
 
Join Date: Feb 2012
Location: gulf breeze
Posts: 3,774
Default

Weird thing about down this way is.....I know people who had been flooded....Ivan and people who have never been flooded. Some of those flooded do not even require flood insurance while some who have never been flooded pay out the nose. Welcome to Florida. Point being fight for the right quote. Don't take the first guy's opinion. See above about elevation.
2RC's II is offline   Reply With Quote Quick reply to this message
Old 08-05-2015, 10:20 AM   #7
Senior Member
Sailfish
 
Join Date: Oct 2007
Location: Gulf Breeze Fl
Posts: 2,152
Default

My understanding is some areas that were not in the flood zone for years have now been reassigned . Do you home work.
Hook is offline   Reply With Quote Quick reply to this message
Old 08-05-2015, 10:35 AM   #8
Senior Member
Grand Slam
 
Try'n Hard's Avatar
 
Join Date: Oct 2008
Location: Santa Rosa County & Minter AL
Posts: 14,415
Default

Im in bama on the river but I think the zones are the same - my certificate lists 100 year flood level at 2' on my property, that translates to my house needing to be 2' above that (total of 4') off the lot height to be able to purchase flood insurance. A house 4' off the ground made no sense to me so I built it at 8', which gives me a whole other house underneath. Since the lot has never flooded (since records were kept) and since I'm 8' above the lot, I did not purchase flood insurance... but based on my situation, It would have been about $900 per year
Try'n Hard is offline   Reply With Quote Quick reply to this message
Old 08-05-2015, 10:53 AM   #9
Senior Member
Trigger
 
Join Date: Mar 2014
Location: West Pensacola
Posts: 251
Default

I did a lot of calling around about a year ago on this subject. Most people can't even give you a ballpark without the flood certificate.

Here's what I know: Find out the base flood elevation (BFE) for the house. If the lowest living level is at least 3 feet above that, then the insurance will be reasonable. By reasonable I mean $500-1k. Also, remember that the flood insurance is only up to 250k. You'll have to get secondary flood insurance above that if needed.

Wind is the one that can get you. All depends on the age of the house, mitigation, roofline, etc. A newer house with a hip roof built to current code won't be too bad, but a 1980's piling house can be expensive.
Obvious is offline   Reply With Quote Quick reply to this message
Old 08-05-2015, 11:03 AM   #10
Senior Member
Blue Marlin
 
nextstep's Avatar
 
Join Date: Jun 2008
Posts: 4,124
Default

an elevation certificate must be preformed by
a land surveyor before an insurance company
can give you a quote.
the agent generally can't quote it. they send it to
someone in corporate.
as said it is very case sensitive.
to start you might want to talk to the neighbors.
if it is a owner sale the previous owner should have been paying it and
you can assume theirs.
if its bank owned then you are at square one.
nextstep is offline   Reply With Quote Quick reply to this message
Reply


Quick Reply
Message:
Options

Register Now

In order to be able to post messages on the Pensacola Fishing Forum forums, you must first register.
Please enter your desired user name, your email address and other required details in the form below.
User Name:
Password
Please enter a password for your user account. Note that passwords are case-sensitive.
Password:
Confirm Password:
Email Address
Please enter a valid email address for yourself.
Email Address:
How Did You Find Us?
Tell us how you heard about Pensacola Fishing Forum.

Log-in



Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off




All times are GMT -4. The time now is 05:32 AM.


Powered by vBulletin® Version 3.8.8
Copyright ©2000 - 2019, vBulletin Solutions, Inc.
Search Engine Optimization by vBSEO 3.6.0 RC 2
vBulletin Security provided by vBSecurity v2.2.2 (Pro) - vBulletin Mods & Addons Copyright © 2019 DragonByte Technologies Ltd.