[StBernard] FLOOD INSURANCE

[Westley Annis]

Jer,

Since homeowners and flood are too different beasts they take two different
paths.

Flood insurance is based on the house. So, it doesn't matter to you what
happens to the policy once you sell it to the LRA or whoever.  It becomes
the buyer's responsibility to maintain the flood insurance.
 
Homeowners belongs to you.  Generally speaking, if you are with a private
insurance company, they will let you cancel the policy on the old home and
write you a new policy on the new home.  They call it maintaining "roof
tops".  They don't want any new exposures, but they will transfer exposures.

Westley

-----Original Message-----


What happens to people who have flood insurance and homeowners, get both
renewed. Then, have homeowners reduced to only liability and sell the home
to the state in the Road Home buyout program.

Then, decides to build or buy elsewhere? Hows the coverages work? 

Jer.