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Originally Posted by taking charge
My insurance company did bring up flood insurance when I was purchasing my homeowners insurance policy, but given where I live, and how my house is situated, I declined. It may have been the federal plan, but they did bring it up.
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Good for your agent. If it wasn't the federal plan I'd be VERY surprised. You might want to examine your situation a little bit more. If your risk is truly pretty low, flood insurance might be very cheap and well worth the investment. I didn't even know my community participated in the federal program (that's how low our likelihood was) until
after the flood. We didn't loose a lot and, no, we did not default on our mortgage. However, Minnesota is not known for getting 14 inches of rain in one shot (we actually broke a statewide record -- "they" say it was a 700 year storm). Our house went from "pond view" to "pond frontage" to "pond". We had 20 inches of water against the patio doors of our lower level walk-out. By the grace of God the patio doors held and we never lost power (2 sump pumps and 3 shop vacs were the crucial elements that got the water back out almost as quickly as it came in.) Anyway, moral of the story is, flood insurance might be worth looking into
