Episode Details

 This podcast segment features real estate expert Alex Parmenidez discussing the critical financial implications of flood zone designations for homebuyers in the New England area. The source emphasizes that standard homeowners insurance typically excludes flood damage, necessitating separate coverage for properties located in high-risk zones. Potential owners are cautioned that low-risk maps do not guarantee safety from water intrusion caused by heavy rainfall or poor drainage. To avoid unexpected costs, the expert recommends that buyers investigate elevation certificates and request specific insurance quotes before finalizing a purchase. Ultimately, the discussion aims to help individuals incorporate the true cost of ownership into their budgets when evaluating properties.