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Are flood insurance policies transferable?

Yes, always
14%
In most cases
21%
In some cases
14%
No, never
32%
Not sure
17%
Next Question
Question: Are flood insurance policies transferable?
Top Answer (32% of 28 votes): No, never.

Answer: In most cases
Explanation: Yes, in most cases flood insurance is transferable, but the original owner must sign it over to the new owner, but it's highly recommended to start a new policy in your name just to make sure the previous owner would not be issued the money if there was a flood.
Farmers Insurance-Chris Faverty Agency
Answer: No, never
Explanation: No, every home has to be insured separately, due to location. If you move, you cancel your flood insurance and based on where you move to it will be determined if you need to have a new flood policy rewritten.
Lockhart's Insurance Services
Answer: In some cases
Explanation: A Flood policy is transferable once in the lifetime of the policy. If the agent/company you are currently working with is not aware of this, call us we will help.
Fisher Family & Associates, Allstate Insurance
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Free Insurance - Flood Cost Estimates

Related Questions

My house has flooded in the past. Can I still purchase flood insurance? Top answer: Yes

Can a mortgage lender require me to buy flood insurance?Top answer: Yes

Can I still buy flood insurance if I don't live in a high-risk flood zone?Top answer: Yes

Does flood insurance typically cover earthquake-related flooding?Top answer: No

Can renters purchase flood insurance?Top answer: Yes

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