and Life Insurance

Question by Colin: how much should I expect to pay for flood insurance in michigan?
I am purchasing a cottage for about $ 60k in Michigan. It is on an inland lake and is in an AE flood zone. How much should I expect to pay in flood insurance?

Best answer:

Answer by Casey Y
Do you know the Base Level Elevation? AE is a broad term. There are some other factors which might affect the premium. You should expect to pay around 1% of the reconstruction costs, or $ 600.

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