A flood plain insurance cost varies depending on the level of flood risk for your area. Those who live in lower-risk areas pay less than those in higher-risk areas, and prices are also determined by the state you live in. You can choose to purchase flood insurance through the NFIP or an insurance provider, and private insurance companies may offer a lower rate for those living in low-risk flood areas.
Even if you don't live on a flood plain, you still should consider purchasing flood insurance. Without flood insurance, you'll have to pay for any damages out of pocket, which could cost you thousands of dollars. The best way to avoid costly repairs is with flood insurance. At Holt Flood Insurance, we can help you find an insurance company and rate that works for you.
So, how much does flood plain insurance cost? According to FEMA, areas classified as high risk, indicated by the letters A and V on the flood map, will pay an estimate of $962 a year, whereas lower-risk areas can pay $485 a year. And if you are thinking of purchasing a home in a high-risk area, you must buy flood insurance before taking out a mortgage.
For more information on the flood plain insurance cost, visit our website or give us a call at (540)809-1415. We will answer any questions you may have. Contact Holt Flood Insurance today.
We contacted Mr. Holt for an estimate via email over the weekend prior to a closing on a property, hoping for a response on the following Monday to take with us with confidence in being insured at the settlement table on a Tuesday. He exceeded our expectations not once but in readily responding to the initial request and then to follow-up questions all during the weekend frenzy that occurs before closing. "Impressive and responsive customer service," for sure! Ken Reuwer I have no problem giving you an A1 reference for taking care of the flood policies for me and Diane. I appreciate you working with the mortgage company: the surveyor and our previous agent. The result was a 75% reduction in our flood insurance premiums! Mike Edwards I have known Tim for many years and he is a man with great integrity, work ethic and one of the nicest persons I know. Over the years Tim has provided insurance counseling and advice to our company, for myself personally, as well as to our clients. Recently Tim, took time to analyze our flood insurance policy and he was able to make some excellent recommendations. Our flood insurance costs are now less and we have much better coverage. I recommend Tim to anyone without hesitation or reservation. Edward Semambya, CPA
