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What is the Deal with Flood Insurance?

Flood insurance concerns are arising with many buyers in the NH Lakes Region.Your mortgage company may require flood insurance with your lakefront purchase if it is determined you are in a flood zone.

According to our NH Office of Energy and Planning everyone lives in a flood zone, whether you live in a low-, moderate- or high-risk flood area. You do not need to live near water to be flooded. Floods are caused by storms, melting snow, hurricanes, water backup due to inadequate or overloaded drainage systems, as well as broken water mains. You can protect your home, business, and belongings with flood insurance from the NFIP. Flood insurance is necessary because homeowners insurance does not cover flood losses. Anyone who applies for a federally-funded mortgage/loan or refinancing on an existing home in flood-prone areas will be required to carry flood insurance for the life of the mortgage/loan.

loon lake real estateIn considering your purchase of a property you should consult with one or more carriers of flood insurance for a better understanding of flood insurance coverage and cost. You should also have a conversation with your realtor on whether you should consider pursuing an elevation certificate that could possibly move you to a lower risk policy or out of the flood zone entirely. 


My colleague at Lakefront Living Realty can produce a flood certificate for any property you have an interest in. To determine if the lakefront property you are looking to buy may require flood insurance please contact me

If you do not have a mortgage on your property flood insurance is suggested but not mandatory.

2015-05-05 21.43.21If you are interested in a lake home in NH call 1-888-737-5550 or e-mail at or visit our websites to view lake homes in New Hampshire at or

Contact Carl Sack or Paula Hinckley both specializing in NH Lakes Realty  #nhlakesrealty


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