Homeownership comes with a considerable part of the warranty. From making necessary repairs and replacing locks to checking a smoke detector.
One of the most important duties is to evaluate your insurance options. If you are purchasing a home with a mortgage, it is likely that your lender will require home insurance from you. However, the lender may not require you to have flood insurance unless you live in a designated "high-risk" flood area. In this case, the decision of whether to purchase or not to purchase flood insurance is up to you.
So is it worth buying flood insurance even if you don't live in a high-risk area?
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