Cypremort point flood insurance help

[Raymond]

Originally Posted by spoony

So if something flooded during hurricane ike and original homeowner collected flood insurance. If that beach house was ever sold the new homeowner would not be able to get flood insurance and if one cant get a loan without flood insurance then the new homeowner would have to pay cash.

Am i thinking correct here??

My girls take care of the flood in our office but if I remember correctly NFIP will only pay 3 flood claims before offering the buyout. Had 2 houses in Scott that flooded 5-6 times before they had to flood proof (1) or raze and elevate. Friend had a camp at larto that flooded every year, and got a check every year.