Commercial Flood Insurance: New Laws that May Bankrupt You

Commercial Flood Insurance has new laws that may easily bankrupt you if you are not careful. In this video, Flood Insurance Guru, Ashley Wilson from @biggerpockets joins Justin Fraser from DeRosa Group to talk about the new Flood Insurance laws that may just bankrupt someone looking for their next real estate investment.

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#BiggerPockets #derosagroup #realestateinvesting

[shawna]

Great video full of useful information. Ashley is very knowledgeable on this subject. I never buy rentals in flood zones anymore regardless of the deal unless its a flip. The insurance is expensive and the water can lead to big damages I know from experience. The word sump pump is just off putting.

[ericlizama]

What a deep dive on insurance.. Raise the building?!?!

[consciouscrypto]

Well why should those without properties in flood zones subsidize those choosing to buy in flood zones? You pay more insurance in wildfire zones too. Greater risk means greater rates. There's no reason people who buy in 'normal' areas should subsidize those who make these high risk high reward investments.