Quote:
Originally posted by Steeve
There is no law that I know of requiring flood insurance if you live in a flood plain (plane?). The issue is acquiring financing. If you live in a flood plain, no one will finance the property without flood insurance. Additionally, FHA, for example, won't insure any NEW construction built in a 100 yr. flood plain.
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Yes, you're right. The issue arose for me when I refinanced my house. 10 years ago I wasn't in a flood plain apparently, although the stream was still there.