When searching FEMA maps by address, you can see the area's flood risk level. Depending on where you live, you will either be in a low to moderate or high-risk zone. With that in mind, flood insurance companies use these maps to calculate flood insurance costs. High-risk zones will pay more for flood insurance compared to lower-risk areas.
Not only do high-risk zones pay more for flood insurance, but it is also mandatory for all properties to have flood insurance before mortgage companies release a loan. You can buy flood insurance through the NFIP or a private insurance company. At Holt Flood Insurance, we work with the NFIP and several private insurance companies if you need help determining which works best for your situation. We're here to help. With over 30 years of flood insurance experience, you can trust us with all your needs.
Searching through FEMA maps by address not only helps flood insurance companies but potential property owners as well. They can determine whether or not to buy a home in that area. But it's important to remember that flood risks can change over time. Some may want to take the risk, while others will go somewhere with less of a risk. Regardless of the risk level, we recommend purchasing flood insurance. Without it, you could spend thousands of dollars on flood repairs.
For more information on FEMA maps by address, visit our website or call (540)809-1415. We will answer any questions you may have.