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Flood Insurance Limits

Hi,

I am looking to put in a offer for a house that has a creek flowing through the property - the dwelling itself is setback quite a bit away from it and completely out of the flood zone and Wetlands buffer around the creek. But because of the brook on the land, it means that property comes under Zone A flood zone, hence likely requiring flood insurance by lender.

So I am trying to budget for the flood insurance before putting in offer. How much limit mortgage lender typically require? Upto the limit of the mortgage Or Amount to rebuild the house or another amount?

One of the Flood insurance agent I spoke with said that Flood isurnace with 250k limit should be enough. 250k will be substantially lower than either mortgage amount or the amount required to rebuild.

Any help will be greatly appreciated.

submitted by /u/whosthr
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source https://www.reddit.com/r/RealEstate/comments/oa2f9t/flood_insurance_limits/
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