On the home search in the Tampa Bay area and curious about considerations if the home is in a flood plain?
A flood plain is an area of land adjacent to a water element like a stream or river that experiences flooding during periods of high discharge. Watch this video and it’ll make sense.
If you live in a flood plain lenders will require that you have flood insurance before lending any money to you. But if you live near a flood plain, you may choose whether or not to get flood insurance coverage for your home.
Check the National Flood Insurance Program site at FloodSmart.gov for more information. And work with an insurance agent to construct a policy that fits your needs.
At Flagship Title we care about helping you stay informed throughout your real estate transaction. Have questions? Give us a call at 813.875.1200.
In case you missed it, check out our last Flagship Title post: What Does A Professional Home Stager Really Do?