The Insurance Trap
A Business Week article reminds vacation home shoppers to take into account the potential sticker shock on flood insurance and other insurance covering natural disasters in remote vacation areas. "If you're on a flood plain, obviously that's an issue," says Walter Molony of the National Association of Realtors. "And in the mountains there can be fire concerns." One common-sense observation: when looking over a house find out where the nearest fire house or hyrant is.
Labels: second homes