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  • How to Assume a Flood Insurance Policy When Buying in Key West,Jimmy Lane

    How to Assume a Flood Insurance Policy When Buying in Key West

    Can you assume a flood insurance policy when buying in Key West? Yes — NFIP flood insurance policies are assumable by the buyer at closing. In the Florida Keys, where FEMA's Risk Rating 2.0 has sharply increased the cost of new policies, assuming the seller's existing flood policy can save $2,000 to

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