Lakefront Living Realty is hosting their 15th annual “Keys to Buying Lakefront Property” Seminar on March 11th, 2023 at the enVision Hotel & Conference Center in Mansfield, MA. The goal of the 2-1/2 hour seminar is to keep buyers from ‘making a mistake on a lake’. Just a few of the topics covered include: “Purchasing […]
flood insurance
Will I Need Flood Insurance for my Lakefront Property Purchase?
Your mortgage lender may require you to purchase flood insurance in connection with your purchase of a lakefront property. The National Flood Insurance Program provides for the availability of flood insurance but also establishes flood insurance policy premiums based on the risk of flooding in the area where properties are located. Due to recent amendments […]
Did You Overpay for Flood Insurance?
FEMA has released information on providing refunds to property owners who overpaid for flood insurance. The Homeowner Flood Insurance Affordability Act requires FEMA to restore Pre-Flood Insurance Rate Map (FIRM) subsidized rates and issue refunds of excess premiums collected for: pre-FIRM properties not insured when the Biggert-Waters Flood Insurance Act of 2012 was enacted; pre-FIRM […]
Flood Insurance Questions to ask Your Agent
Flood insurance is a hot topic right now. Maybe you are trying to buy a waterfront home or trying to sell or refinace your current one. Either way…facts, options and choices can be very confusing. There are several things you should know before talking to your insurance agent that can help determine the right flood […]