Sol,

Aha. I see. Lenders might still require flood insurance, just that it wouldn't be underwritten by FEMA. And if FEMA won't back it, since they back some really high risk property that floods all the time, I'd be surprised if any private insurance company would.

KK,

If Sol's loan and flood insurance are from private banks and companies, then this could leave him hurting, as per Chuck E's post.