Buying for a Student? Read This First
Thousands of parents purchase condos in ZIP codes 36830 and 36832 for their students. While convenient, these units often come with overlooked flood risks.
- The Zone X Misconception: Many condo complexes are located on flat land. While technically outside high-risk flood zones, heavy rain can overwhelm drainage systems and quickly turn parking lots into temporary lakes.
- The Condo Coverage Gap: A condo association’s master policy typically covers only the building’s exterior—such as the roof and structural walls. Your student’s furniture, electronics, flooring, and personal belongings are usually not included.
- The Solution: The Flood Insurance Guru offers Unit Owner flood policies (similar to an HO-6 policy) that cover interior improvements and personal contents, with coverage options starting as low as $350 per year.
Don’t let a flash flood disrupt your student’s semester—protect their belongings for less than a dollar a day.
Opelika & Creek Flood Risks
Opelika continues to expand rapidly, especially around Tiger Town and Grand National. Homes near waterways such as Pepperell Creek and Saugahatchee Creek face an increased risk of flooding during heavy rain events.
Higher NFIP Premiums: Older homes—particularly historic properties in Opelika—often experience higher National Flood Insurance Program (NFIP) premiums due to crawlspace construction and elevation challenges.
Private Market Options: In many cases, private flood insurance can offer more flexible coverage options and may reduce premiums compared to NFIP policies, especially for properties that do not fit standard rating models.
Protecting Your Rental Portfolio in Lee County
If you own rental property in Lee County, your biggest financial risk often isn’t the repair cost—it’s lost income.
Loss of Rental Income: Standard flood policies typically do not cover lost rent when a tenant must move out due to water damage. Some private flood insurance policies can include loss-of-rents coverage.
Liability Considerations: If a tenant’s vehicle floods in your parking lot or on your property, having proper flood insurance and documentation in place can be critical in managing potential liability claims.
