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In reply to the discussion: Houston, Texas, Hit by Unprecedented Flooding; Seven States At Risk [View all]DamnYankeeInHouston
(1,365 posts)I have flood insurance in my current location even though it's not even in the 500 year flood plain. I know regular insurance won't cover any water damage and the policy only cost $300 a year.
The new townhouse is across the street from Brays Bayou so I assumed it flooded, but a friend said his employee lives in the complex and that it's fine. They've done a lot of work on Brays Bayou and upstream at Willow Waterhole. I'll venture out in awhile to see for myself. I know the danger. It's in the 100 year flood plain. It's just light years better than my second choice. The condo fees include insurance, but I plan to take out an additional policy. I'm sure flood insurance there will cost more than $300 a year. Luckily, I haven't closed yet. I'll make my decision after I check it out.