Sorry all, not sure where to put this but I'm in a bit of a bind:
I'm getting close to purchasing a house on the river outside of Pittsburgh PA. I need to get flood insurance because being that its riverfront, its in flood zone AE. I'm being told all the flood insurance has to go through FEMA, which my agent is quoting my something like $4800/year for a 1440 square foot place. The first floor is above grade and all garage/mechanical room/storage. The 2nd and 3rd floors are the living spaces.
Is there any way to get this premium down to a reasonable level? The previous owner said his was only $600/year. I had to get an elevation certificate done, which I did, and that is forcing these higher premiums.
What are my options? Anyone have any experience with this issue?