Flood risk home insurance is different than regular home insurance as it protects your property from damages caused by rising waters. Those who live in areas at high risk for floods need to purchase flood insurance before their mortgage company lends them money for their home. Those areas that are at high risk are marked with the letters A and V.
Those areas at a lower risk for flooding aren't required to purchase flood insurance. Still, at Holt Flood Insurance, we highly recommend that everyone buys flood insurance as their regular property insurance will not cover water damages caused by rising waters due to storms and other acts of nature.
The amount you pay for flood risk home insurance depends on the level of risk for your area. For example, those living in a low to moderate risk will pay less for insurance than those who live in a higher risk zone. However, there are ways to lower your costs, such as elevating any utilities, filling in basements, installing flood gates, moving your residence, and elevating your home. If you've done any of those things and are still unhappy with the rate, you're paying. Holt Flood Insurance can take a look and see if we can make any changes.
For more information on flood risk home insurance, visit our website or give us a call at 1(540)809-1415. We will answer any questions you may have. Contact Holt Flood Insurance today.