You know what the flood map says, but do you know reality?

 You know what the flood map says, but do you know reality?  When you buy a home, your lender is required to have the FEMA flood map checked to see if you are in a mandatory flood insurance zone.  Of course this is assuming you are getting a loan and not making a cash deal.  You may find out that the house is near a flood hazard but not in it.  You’re in the clear, right?  Or you may find out that the home is in a flood hazard and you must carry flood insurance.  Again, you’re covered so it’s all good, right?

 The National Flood Insurance Program has done a great job of protecting home owners from uninsured losses due to floods.  But I can tell you that being able to repair a damaged structure and replace your furniture and clothing doesn’t nearly make up for the life changing experience that a flood can bring.  A flood in your home can turn your life upside down! 

Money to replace and repair things is essential, but your time and life is irreplaceable.  You first have to find a place to live while repairs are made.  What if you have kids…what about an infant?  It’s hard enough to take care of their needs on a regular day at home.  Everyday, must have items, must be quickly replaced, and guess what…it takes time to get that flood insurance money.  Do you have enough money set aside to take care of expenses until the insurance pays you?  If you have been through a home construction project or renovation you know how much of your time will be devoted to it and not your family and/or friends. 

When buying a home, do your own research.  It can be as simple as talking to a couple of neighbors and asking them if they have ever seen any issues with flooding during the heaviest rain periods they have experienced.  The flood maps serve a purpose but they do not always tell the whole story.