So you’re moving to the Myrtle Beach area and you’re wondering, do I need flood insurance? Let me show you how you find out.
Hi, my name is Lance MacMillan. I am a licensed realtor serving the Myrtle Beach area. I work with Mango Homes powered by Keller Williams Myrtle Beach. And today we’re gonna be talking about flood insurance. This topic is way more straightforward than most people think. And let me explain real quick. So if you’re buying a home and you’re in a flood zone, if your house is mortgaged, they’re gonna make you get flood insurance. They’re protecting their investment. That makes sense.
If you’re in a flood zone and you don’t have lien on your home, meaning that you’re a cash buyer, you don’t even have to get any insurance on your property, but trust me, you need to get insurance. Now, if you don’t know, if you’re in a flood zone, stay to the end of the video, I’ve got help for you there. Now, if you’re not in a flood zone, whether you’ve got a lien on your house or not, you don’t have to get flood insurance. Now, if it helps you feel better, go for it, but nobody’s gonna make you get it.
If you’re on the edge of a flood zone, that means you’re in the 500 year flood plain, where they expect there to be one flood every 500 years, you don’t have to get flood insurance, but again, if it makes you feel better, you can get it. In fact, you probably get a decent rate on it from the insurance company, because you’re not in the flood zone. It’s as simple as that. Again, if you don’t know whether you’re in a flood zone, stay tuned to the end of the video right after the break, I have help for you. And remember if you’re buying or you’re selling Go Mango!!