In Florida's Housing Market, Insurance-Free Homes Become Big Selling Point

  • 📰 Newsweek
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 52%

المملكة العربية السعودية أخبار أخبار

المملكة العربية السعودية أحدث الأخبار,المملكة العربية السعودية عناوين

Florida homeowners selling their homes are boasting about their properties not needing flood insurance in an attempt to attract buyers.

A significant number of Florida's homeowners and agents trying to offload their properties are trying to attract buyers with the promise of not having to pay for flood insurance—an appealing prospect as the state faces an ongoing insurance crisis.As of Thursday morning, there were a total of 206,887 homes listed for sale by agents on Zillow and 8,886 listed by owners and others, including all types of property .

The letters 'X,' 'B,' or 'C' are used to describe low- and moderate-risk flood zones outside of the Special Flood Hazard Area as defined by the Federal Emergency Management Agency . Residents of these zones are not required to pay for flood insurance coverage. In an 'X' zone, the annual flood risk is between 1 percent and 0.2 percent. This doesn't mean that this area would never flood, but it's very unlikely it would.

 

شكرًا لك على تعليقك. سيتم نشر تعليقك بعد مراجعته.
لقد قمنا بتلخيص هذا الخبر حتى تتمكن من قراءته بسرعة. إذا كنت مهتمًا بالأخبار، يمكنك قراءة النص الكامل هنا. اقرأ أكثر:

 /  🏆 468. in SA

المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

Housing Market Update: Are Sellers Returning to the Market?Listings jumped in February to their highest levels in more than a year, according to Redfin on Friday.
مصدر: Newsweek - 🏆 468. / 52 اقرأ أكثر »