Are flood insurance policies transferable? | | Yes, always | 10% | | In most cases | 15% | | In some cases | 12% | | No, never | 35% | | Not sure | 25% | | | | | Question: Are flood insurance policies transferable? Top Answer (35% of 39 votes): No, never.
Answer: In some cases
Explanation: This depends on the state laws and the governing body, the National Flood Insurance Program. There is a clause called 'grandfathering' that allows the transferring of a flood policy.
However, this has to be agreed to by the mortgage company also, because they actually own the home if it's not paid for in full. | | Hazar Financial Services | Answer: Not sure
Explanation: Not sure | | Belocura Cabinetry | 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 | | | ProMatcher | 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 | Answer: In most cases
Explanation: As of 2014, new owners can take over previous owners flood insurance policies. | | G.L. Anderson Insurance Services, Inc |
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