07/29/2026
🚨 HOMEOWNERS that are paying off your house or have paid it off, and CASH BUYERS💰...
DO NOT CANCEL YOUR FLOOD INSURANCE!
It may seem like an easy way to save money once your home is paid off—but it could cost you thousands when it's time to sell.
A future buyer will not qualify for the same flood insurance rate you're locked into and have been paying. A much higher premium could make your home less affordable and even cause you to lose a qualified buyer because those costs could push them beyond their debt to income ratios.
🌊 Sometimes the smartest investment is in keeping your flood insurance policy active ~ not only for yourself should an issue arise, but to help make your property easier to sell in the future!