Federal flood insurance rates can be determined by the level of flood risk for your area and a few other factors such as the type of coverage, the building's age and structural design, the deductible and amount of contents coverage, and the location of the contents. I.e. are all the utilities elevated?
For first time buyers, purchasing flood insurance may be complicated. At Holt Flood Insurance, we can help you better understand all the buying process basics and find you an insurance rate that works for you, your family, or business. And for those who already have insurance but are looking for a better insurance rate than the one they currently have, we can help with that.
Federal flood insurance rates coverage can be capped anywhere between $250,000 and $350,000 for property and $100,000 for content coverage. It is important to purchase flood insurance regardless of whether or not you reside in a flood zone, as flooding can happen at any time, anywhere. Without it, you could be paying thousands of dollars in repairs alone. So, it's better to have it and not use it than not to have it and need it.
For more information on federal flood insurance rates, visit our website or give us a call at 1(540)809-1415. With over 30 years of experience in the flood insurance business, we can answer any questions you may have. Contact Holt Flood Insurance today.