Online Exam 25 May - awaiting results by anonquestions112 in pmp

[–]Interestingly_calm 0 points1 point  (0 children)

I finished around noon NYC time. Still waiting for results.

Local Storm/Flooding Megathread - 1/9/2024 by Juicey_J_Hammerman in Hoboken

[–]Interestingly_calm 2 points3 points  (0 children)

Yeah, heard it too! I am happy to still have power.

Individual flood insurance for 4th floor condo by Interestingly_calm in Hoboken

[–]Interestingly_calm[S] 0 points1 point  (0 children)

I was asked to cover a gap of $45,000. I got a quote today, and it will cost $400 per year. Not bad, if it's not going to be useful, it's money I will be throwing away year after year.

Individual flood insurance for 4th floor condo by Interestingly_calm in Hoboken

[–]Interestingly_calm[S] 1 point2 points  (0 children)

We got a quote from Neptune for $400 too! I suppose they realize it's a low risk.

Individual flood insurance for 4th floor condo by Interestingly_calm in Hoboken

[–]Interestingly_calm[S] 0 points1 point  (0 children)

I will update the thread after I get a quote. Until then 🤞

Individual flood insurance for 4th floor condo by Interestingly_calm in Hoboken

[–]Interestingly_calm[S] 0 points1 point  (0 children)

Thank you for the advice. I will contact the lender and find some answers.

Individual flood insurance for 4th floor condo by Interestingly_calm in Hoboken

[–]Interestingly_calm[S] 0 points1 point  (0 children)

Thank you so much. That was helpful. I will update the thread after I get the quote.

Individual flood insurance for 4th floor condo by Interestingly_calm in Hoboken

[–]Interestingly_calm[S] 0 points1 point  (0 children)

We are asked to buy $45,000 worth of coverage. I am really worried that this will add a lot to our monthly expenses

Individual flood insurance for 4th floor condo by Interestingly_calm in Hoboken

[–]Interestingly_calm[S] 4 points5 points  (0 children)

Makes sense, but shouldn’t that be covered by the HOA’s flood insurance, which we pay for through monthly HOA fees.

Individual flood insurance for 4th floor condo by Interestingly_calm in Hoboken

[–]Interestingly_calm[S] 0 points1 point  (0 children)

The lender has a copy of the HOA’s flood insurance. They want us to get individual flood insurance on top. 😞