New Orleans Residents -- What do you pay for home owner's insurance?

Question

Insurance companies are obviously closed today (Sunday). I'm doing estimates on a house I am interested in and could use some insurance pointers...

Assume a $220k valued home after renovations located in Lakeview (70124). How substantially does raising or not raising a house affect insurance rates? Should I buy a house and raise it?

Any info / pointers are much appreciated!

Answer 1

You might want to re-post your question in the New Orleans section of the Travel category. However, I am afraid the first answer is correct and there are too many variables for someone to tell you how much they are paying for a "similar" house.

You will almost certainly have to raise the house if it was built before 1985 in order to qualify for flood insurance at all.  Note that most houses in Lakeview are slab-on-grade construction, and it is rarely practical to raise them.

Good luck!

Answer 2

Unfortunately, it would be difficult to give you any type of estimate without a lot more information about the house.  My recommendation would be to talk to a local independent agent for a quote.  These are usually very quick and carry no obligation.

Good luck to you!