Flood Insurance Required For Some Upper-Floor Condos
By Steve Jones, The Sun News (Myrtle Beach, S.C.) | |
McClatchy-Tribune Information Services |
If you're looking at condominiums on any upper floor of a highrise building, you'll pay the same federal flood insurance premium as those on the first floor.
"I can't see why anybody on the 12th floor would want flood insurance," said
But owners of condominiums who have mortgages that are federally regulated or secured are required by their banks to have flood insurance, regardless of the floor their unit is on, according to the
But relief in other instances is available from private insurance companies, Widener said, that offer flood policies that have lower premiums for floors that are above those that would flood in even a bad event.
But don't think you're safe yet.
Masterpaul said associations buy policies with premiums to rebuild the tower, if necessary, against damage for all perils.
But Masterpaul said that the owner of a condominium on the 9th floor of a Grand Strand tower Gold Crown manages has been told by the bank that holds her mortgage that she must pay an additional
As Widener said, "If (a flood) reaches the 12th floor, it's pretty much all over."
And she means everything.
Outstanding customer service
Mungo Homes Coastal Division, which builds homes in the
The award, which celebrated its 11th year in 2014, is determined by a survey Avid Ratings conducts of buyers of home builders who pay Avid for the survey.
There are 2,300 builders in the U.S. and
Just 70 awards are given out annually by Avid, and the one that Mungo's Coastal Division won is among the top six.
"We recognize that buying or building a home can be stressful so it is our goal to provide our buyers with a positive experience,"
Realtors on alert
Apparently the "creepy" man asking to be shown homes only by female real estate agents in
News about him earlier this week on
In
"He was creepy," the agent wrote, adding that he didn't take the man to the listing.
In that case, Crowther said, the agent got the man's
Chances he and this year's "creepy" man are the same person are slight, at best. The man in the photo looked nothing like the description of the recent "creepy" man.
And the man recently is reported to be driving a white SUV with
An update of this year's case could not be obtained Friday from the
Contact
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