A flood risk area map is an essential tool that helps identify which areas are at risk for flooding. Insurance companies use this tool to help determine how much insurance their clients will pay. The higher the risk, the more they will pay in costs. It can also help homeowners when looking for a new home in a specific area.
Flood insurance isn't just for homeowners. Renters and business owners qualify for it as well. At Holt Flood Insurance, we recommend that everyone purchases flood insurance regardless of their level of risk. While flood insurance may be another expense on top of your other bills, it's better to have it and not use it than to have it and need it. Without it, you could be spending thousands of dollars on repairs and replacing damaged items.
The flood risk area map uses letters to determine the risk levels. For example, areas at a low to moderate risk are marked with B, C, and X, and the letters A and V define the higher risk areas. If you are looking to buy a home in areas A or V, you will be required to purchase flood insurance before taking out a mortgage.
For more information on the flood risk area map or how Holt Flood Insurance can help you with your insurance needs, 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.
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 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 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