Well after speaking with the owners and several insurance companies my daughter has backed out of the house purchase. They found one insurance company that would cover it at an astounding 3 to 5k a year until the claims roll off in 2027 and 2029.
Daughter’s house purchase problem
- Thread starter dbias
- Start date
You guys must have some garbage realtors - or they have not been hungry long enough. In days bygone, this would have been sorted in a day.
I say yes walk and avoid those realtors as well.
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My wife and I basically live in just a couple rooms. I never hardly see the rest of the house. It's pretty empty now that the kids are gone. We've talked about a smaller house but hate the thought of moving. Thats a lot of work.
Bottom line insurance on the house was a challenge by multiple companies.
Certainly a red flag and $45,000 for some type of damage on the roof caused by an aircraft. I can only assume the house is in line with a runway or something.
But it all doesn’t matter if you can’t get insurance or it comes in out of outrageous price
Certainly a red flag and $45,000 for some type of damage on the roof caused by an aircraft. I can only assume the house is in line with a runway or something.
But it all doesn’t matter if you can’t get insurance or it comes in out of outrageous price
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- Jan 8, 2024
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- 179
Look for another house. It's just that simple.
Interesting. This may not have anything to do with anything, but it’s possible that it might have something to do with something.
The house in the link is in flood zone X.
Flood zone X is a one in 500 year chance of a flood so mortgage companies do not require flood insurance.
After flood zone X comes flood zone AE, which is one in 100 year chance that requires flood insurance for the mortgage company.
With the above said, just the fact that you are in flood zone X, the area could be blacklisted by numerous insurance companies. Meaning they don’t want to do business in that area.
The only way to know for sure is stopping at a local insurance agent and asking questions.
Here at the coast, we are in zone X and multiple companies do not want anything to do with it. Also, recently, some people‘s rates have gone through the roof no pun intended.
We so far lucky as we found an insurance company that no one ever heard of before gave us a great rate
However, a sibling not far away, on the other side of the North Carolina border in South Carolina. Insurance company dropped him. Another company wanted double the rate he was paying to ensure him and a 3rd company … they were relieved to find new insurance with a 50% higher premium cost.
He isn’t even in any flood zone and have this trouble where we are in flood zone X and are now paying 1/3 the price he is paying. So yeah, I’m a little concerned. What happens next year we will find out.
Zone X might seem like nothing but to an insurance company it may mean more keeping in mind 25% or more home floods happen outside of flood zones and here we are in flood zone X already.
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I am in Zone X. I honestly don't think they care much because regular home-owners does not cover flood. I carry FEMA flood. I am the definition of insurance poor.Interesting. This may not have anything to do with anything, but it’s possible that it might have something to do with something.
The house in the link is in flood zone X.
Flood zone X is a one in 500 year chance of a flood so mortgage companies do not require flood insurance.
After flood zone X comes flood zone AE, which is one in 100 year chance that requires flood insurance for the mortgage company.
With the above said, just the fact that you are in flood zone X, the area could be blacklisted by numerous insurance companies. Meaning they don’t want to do business in that area.
The only way to know for sure is stopping at a local insurance agent and asking questions.
Here at the coast, we are in zone X and multiple companies do not want anything to do with it. Also, recently, some people‘s rates have gone through the roof no pun intended.
We so far lucky as we found an insurance company that no one ever heard of before gave us a great rate
However, a sibling not far away, on the other side of the North Carolina border in South Carolina. Insurance company dropped him. Another company wanted double the rate he was paying to ensure himand they were relieved to find new insurance with a 50% higher premium cost.
He isn’t even in any flood zone and have this trouble where we are in flood zone X and are now paying 1/3 the price he is paying. So yeah, I’m a little concerned. What happens next year we will find out.
There are far fewer insurers of course, because they don't want anything to do with "coastal" - ie wind even though we are 20 miles in or so. I have a special wind clause - 1% of insured value deductible - which is pretty much as good as it gets, many policies will only go down to 2%.
Yes getting insurance here is hard - but its actually softened up in the last few years seems. Several big companies gave me a quote and they would not a few years ago.
I don’t disagree. I was just using being in an X area might indicate storm related issues as you pointed out wind.
The other person I mentioned in my post is in North Myrtle Beach, and after 10 years living there things have gotten really bad the last two years when it never was before. We can assume wind because he is not even in a flood zone.
Ps. Yes, I’m aware insurance companies are not liable for flood. Wind is a big factor. I grew up on the South Shore of Long Island. If you were in a flood zone, that means you were near the coast.
West Virginia is it on the coast? I just don’t know if there’s any other hazards there? Most likely not though. It just seems so strange.
One more byproduct of all this "good" housing price inflation is insurance inflation. The cost to rebuild has gotten out of control.
Insurance is a racket for sure.
Listing says pending.
Well, let’s just say that FEMA flood zones are a good starting point but their accuracy can sometimes be lacking. Also, there are better (more accurate) flood modeling sources than FEMA, and the smarter insurers have moved to those avenues.Interesting. This may not have anything to do with anything, but it’s possible that it might have something to do with something.
The house in the link is in flood zone X.
Flood zone X is a one in 500 year chance of a flood so mortgage companies do not require flood insurance.
After flood zone X comes flood zone AE, which is one in 100 year chance that requires flood insurance for the mortgage company.
With the above said, just the fact that you are in flood zone X, the area could be blacklisted by numerous insurance companies. Meaning they don’t want to do business in that area.
The only way to know for sure is stopping at a local insurance agent and asking questions.
Here at the coast, we are in zone X and multiple companies do not want anything to do with it. Also, recently, some people‘s rates have gone through the roof no pun intended.
We so far lucky as we found an insurance company that no one ever heard of before gave us a great rate
However, a sibling not far away, on the other side of the North Carolina border in South Carolina. Insurance company dropped him. Another company wanted double the rate he was paying to ensure him and a 3rd company … they were relieved to find new insurance with a 50% higher premium cost.
He isn’t even in any flood zone and have this trouble where we are in flood zone X and are now paying 1/3 the price he is paying. So yeah, I’m a little concerned. What happens next year we will find out.
Zone X might seem like nothing but to an insurance company it may mean more keeping in mind 25% or more home floods happen outside of flood zones and here we are in flood zone X already.
I remember decades ago seller would not let me bring in my cousin a contractor to check out a house before I started the buying process owner said no I passed. My friend actually bought it inspection was thumbs up so he bought it. He had many headaches for awhile until my cousin the contractor got everything sorted out.
Yeah the flood zone X designation I saw and it makes sense as Interstate 64 is nearby and this neighborhood is at the same level as the interstate if not a bit higher. The thing is in West Virginia having a large flat area is nice but will be surrounded by good size hills or mountains and if there is a severe storm all the water up there of course goes downhill and when it reaches the flat ground it can rise pretty quickly.
I’m glad they have put this behind them and the realtor has plenty more places to show them. This general area is growing very fast and the state is finishing up a new interstate exit nearby to take pressure off of the exits to the east and the west so it will continue to grow
I’m glad they have put this behind them and the realtor has plenty more places to show them. This general area is growing very fast and the state is finishing up a new interstate exit nearby to take pressure off of the exits to the east and the west so it will continue to grow
Yes, FEMA acknowledges right on their website (in rough number because I dont want to go check right now) but something like 25% (I am sure slightly more) home floods are in no flood Zones.
With that said, as far as getting a mortgage FEMA is the standard. But that doesnt mean individual insurance companies have to insure someone. Like you point out can use their own methods.
Good points. We are in X but as far as the topography... in a 500 year storm, the water might just flow down into the ocean.
Meaning we are starting 50 feet above sea level and it's a gradual slope to the ocean over a couple miles. The flooding here is more a matter of much of this coastal area was/is fresh water swamp. SO it's been built up by digging lakes and ponds (very common) to raise the level of soil and then the homes are built higher. So if it floods it will be massive amounts of fresh water coming down from higher levels of the state of NC and SC I guess. That is a lot of land and water that can flow, all the way up to the mountains. Honestly > Im not so sure it will be one in 500 years... I would think a lot sooner. Am I concerned? Not at all, Im good with X or better said wasnt a decision maker on where to live. Even though we have a daily deep ditch/creek/ravine in our yard that the lakes dump into when they hit their overflow *LOL* However that is why we chose the lot, privacy... and we are at least at the high point.
“Blue Ice” isn’t actually a real thing. Lavatory water (colored blue from the disinfectant) is kept in a holding tank in the airplane. This technology goes back to airplanes built in the 1960s. It’s not jettisoned overboard and hitting anyone’s house.
There have been some rare cases of leakage............
https://duckduckgo.com/?t=ffab&q=has+toilet+ice+really+fallen+from+an+airplane&ia=web
https://www.ladbible.com/lifestyle/travel/what-is-blue-ice-on-planes-explained-185254-20250626
Too close to the highway. Noise, and dirty dust/debris will coat everything.
Leakage has happened - but it’s rare.
“Blue Ice” refers to the notion that ALL airplanes jettison ALL their waste.
Which is just silly.
The "blue" coloring, primarily, relates to disinfectant that's added to "recirculation" toilet tanks. This type of toilet, and system, is used for smaller planes, and/or older planes. These toilets recirculate the waste fluid, along with the blue disinfectant, with each flush, the fluid of which is contained in a tank just under the toilet bowl. Pretty crude systems, but still somewhat common.
The more common large aircraft waste system these days is a vacuum system. When flushing, vacuum pulls the waste out of the toilet, and holds it in a tank in the belly of the aircraft. The tanks are drained during ground service. There are some vacuum toilets that inject a small shot of blue disinfectant with each flush, but those toilets are not common these days.
"Gray water" is water from sinks, and some aircraft dump this into the vacuum waste system, but a few jettison the waste overboard, through a drain mast. This fluid can freeze, particularly if the drain mast heater system is having issues, in which case, chunks of ice will break off. This gray water is not blue, though.
In order for blue ice to fall, first off the toilet tank drain valve would have to leak. And the overboard drain valve would have to leak also. So two failures. Pretty rare and unlikely.
The more common large aircraft waste system these days is a vacuum system. When flushing, vacuum pulls the waste out of the toilet, and holds it in a tank in the belly of the aircraft. The tanks are drained during ground service. There are some vacuum toilets that inject a small shot of blue disinfectant with each flush, but those toilets are not common these days.
"Gray water" is water from sinks, and some aircraft dump this into the vacuum waste system, but a few jettison the waste overboard, through a drain mast. This fluid can freeze, particularly if the drain mast heater system is having issues, in which case, chunks of ice will break off. This gray water is not blue, though.
In order for blue ice to fall, first off the toilet tank drain valve would have to leak. And the overboard drain valve would have to leak also. So two failures. Pretty rare and unlikely.
