Quicken’s explanation a bit off: they say “Federal law requires that you obtain flood certification insurance if your property lies in a flood zone.” “Certification” should be left out of that sentence and “when financed” should be added to the end of the sentence. I would imagine the reason for affiliated arrangements with flood determination companies is not money driven since the fee is around $10, 15 or so, but is more a quality control issue and maybe even for cost containment. Flood cert fees have been around for eons and serve a purpose and are people that concerned over this minimal charge? For the cert that is... If flood insurance is required then it is likely provided via BO homeowner ins, not always but most of the time, and does not line the pockets of the flood certifier company. Of course, we know about the lenders and title companies being in bed together but do the borrowers know? (rhetorical)
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