Grand Forks Part II
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how much is flood insurance? A lot of the homes I helped sandbag didn't have insurance going into effect for another XX days, and being the flood was expedited, they weren't covered during the peak of the flood. Not knowing mother natures course, is it completely stupid to request the flood coverage/rider right now? Or are we talking thousands of dollars? For a couple hundred, I'd get it right now just to know if it is bad, I will FOR SURELY be covered in the worst of worst vs. trying to guess the magic date you will need it....
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FG2;299920 wrote:
how much is flood insurance? A lot of the homes I helped sandbag didn't have insurance going into effect for another XX days, and being the flood was expedited, they weren't covered during the peak of the flood. Not knowing mother natures course, is it completely stupid to request the flood coverage/rider right now? Or are we talking thousands of dollars? For a couple hundred, I'd get it right now just to know if it is bad, I will FOR SURELY be covered in the worst of worst vs. trying to guess the magic date you will need it....I think its 90 days for it to go into effect isn't it? Too late to really look at insurance now IMO.
I'm back to pricing out enclosed trailers. Might be the excuse I need to get it past the loan officer at my bank.
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dubbsy;299923 wrote:
I think its 90 days for it to go into effect isn't it? Too late to really look at insurance now IMO.I'm back to pricing out enclosed trailers. Might be the excuse I need to get it past the loan officer at my bank.
That's not true. We put flood insurance on our house in Fargo last week.
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DelSlow;299928 wrote:
That's not true. We put flood insurance on our house in Fargo last week.Would you be able to immediately file a claim today though? Usually you have to wait a certain amount of time after you buy the policy before they let you.
If you can do it right away, who is your insurer?
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DelSlow;299928 wrote:
That's not true. We put flood insurance on our house in Fargo last week.Ok, I was mistaken - I thought it was a longer waiting period..
Kyner and local agents say homeowners shouldn’t delay buying flood insurance, because policies have a 30-day waiting period before they take effect.
so NOW is the time to buy it.
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XJHEAD;299932 wrote:
I believe it is a 30 day waiting period. There are two exceptions to that 30 day period that I know of. One is if you just purchased the home and it IS required to carry it or your area has just put into a flood plain.My dad put flood insurance on his house last year. It is a 30 day waiting period. The cost depends on what level of the floodplain your house is on I believe.
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Just for the sake of knowing, what is the 'on/off 30 day insurance' bit cost (roughly) $500? $5000?
I understand depending on the homes value and location makes a difference, but I am curious if it is typically 'affordable' for the average middle class family, or something that is a 'major expense'?
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Jason, you are in West Port Beach right? IMO you will be fine, the diversion is fail safe to the west of you. No one out in this area even bothered sandbagging their lots last year as a whole shitload of things woulda had to go wrong (like everything...think needing an ark and 2 of each animal) before our section of town would have went under.
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Trafik Jamz;299944 wrote:
Jason, you are in West Port Beach right? IMO you will be fine, the diversion is fail safe to the west of you. No one out in this area even bothered sandbagging their lots last year as a whole shitload of things woulda had to go wrong (like everything...think needing an ark and 2 of each animal) before our section of town would have went under.Oh yeah, I am not concerned with my house, I am strictly wondering for those that I helped bag last year. I was left feeling like they were either a) idiots (maybe harsh, but you live by the river, but wait til the LAST minute for insurance), or b) waiting for the last minute because it is a MAJOR expense that is difficult to have unless immediately necessary
Not looking to dig into anyone personal finances, just looking to see if it is uber expensive....
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http://www.inforum.com/event/article/id/268350/
“We’ve got more lead time, but it’s always difficult to plan for an event with a 10 percent or a 2 percent chance of occurring,” Zavoral said.
Of course, last year’s flood was a 2 percent event, and this year’s conditions appear to mirror what led to that event, he said."
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people freakin out cause of national weather service predictions = lol
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dubbsy;299923 wrote:
I think its 90 days for it to go into effect isn't it? Too late to really look at insurance now IMO.I'm back to pricing out enclosed trailers. Might be the excuse I need to get it past the loan officer at my bank.
Like I said on the phone, if you need the 25' trailer let me know...
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