With natural disasters generally increasing across the world , we are living in a very vulnerable world …
when buying a house of your own , do you do any research on the area , its vulnerability to handle natural disasters etc …
What pointers do you keep in mind from this perspective?
Re: Buying home and natural disasters !
With natural disasters generally increasing across the world , we are living in a very vulnerable world ... when buying a house of your own , do you do any research on the area , its vulnerability to handle natural disasters etc ...
What pointers do you keep in mind from this perspective?
I was looking. So I had concerns.
Some were flood level in the area.
Re: Buying home and natural disasters !
I want to buy a place with habitats like fish, turtle 
Re: Buying home and natural disasters !
Grow some gill, if you will…
Re: Buying home and natural disasters !
dont forget to buy home insurance. :@:
Re: Buying home and natural disasters !
dont forget to buy home insurance. :@:
simple home insurance does not cover natural calamity, unfortunately.
Re: Buying home and natural disasters !
simple home insurance does not cover natural calamity, unfortunately.
make sure you know the history of natural disaster in the area where you are planning to buy a new/old home.
ask your insurance agent about the coverage and discuss your concern. in my area, hurricane is most frequent natural calamity. therefore it is already included in coverage.
Re: Buying home and natural disasters !
dont forget to buy home insurance. :@:
no choice in that...lenders will not give a mortgage on a house that is not insured
Re: Buying home and natural disasters !
make sure you know the history of natural disaster in the area where you are planning to buy a new/old home.
ask your insurance agent about the coverage and discuss your concern. in my area, hurricane is most frequent natural calamity. therefore it is already included in coverage.
Remember one thing, these insurance companies are not "givers", they are "takers" and this is what their business model is designed around like any other predatory business and unfortunately most , if not all, of the "middle man type businesses" are basically predatory.
Now if you are living in parts of FL then your insurance might cover hurricane related damage but I bet it will not cover water damage because of flood caused by any thing other than hurricane. I am sure many of us have never read the insurance contract with all of its details.
Re: Buying home and natural disasters !
no choice in that...lenders will not give a mortgage on a house that is not insured
correct.
Re: Buying home and natural disasters !
correct.
Agreed