When you ask how much flood insurance is required, the answers will vary depending on your situation. Flood insurance costs are calculated on a few factors, such as the value of your home and valuables, the flood risk level and if you purchase it from the NFIP or a private insurance company.
Flood insurance through the NFIP is cheaper than insurance through a private company. However, if your home is worth more than $250,000, you must purchase flood insurance from a private insurance company, as the NFIP only covers homes up to $250,000. At Holt Flood Insurance, we work with the NFIP and several private flood insurance companies. And if you need to know what company works for your situation, we can help you. With over 30 years of flood insurance experience, there hasn't been an issue we couldn't solve.
So, how much flood insurance is required? The best way to get an accurate quote is to find out how much your home is worth and take an inventory of the belongings in your home, a description and their value. But remember, you will want a policy equal to what your home is worth.
For more information on how much flood insurance is required, visit our website or call us at (540)809-1415. Contact Holt Flood Insurance today. We will answer any questions you may have.
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
