What is a 100-year flood zone? This term can often be confusing to people. They may think that the possibility of high flood levels can only happen once every 100 years. The term 100-year flood means that there is a one percent chance that extreme flooding can occur during any year.
Even a tiny amount of water can cause significant damage. That is why flood insurance is essential regardless of flood risk. While you have flood coverage with your home insurance, it only applies to accidental flooding, not weather related. You can purchase flood insurance through the NFIP or a private insurance company. Holt Flood Insurance works with both.
So, what does a 100-year flood zone mean for areas at risk for flooding? It means that if the area expects to receive more rainfall than average in 24 hours, this occurrence has a one percent chance of large amounts of rain happening again. To get these numbers, flood experts rely on years of data and compare them to current rainfall numbers. If the numbers are correct and the present rainfall is more than past numbers, then it is safe to say we got "100" years' worth of rain.
For more information on what is a 100-year flood zone and how to apply for flood insurance, visit our website or call us at (540)809-1415. We will answer any questions you may have.
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 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
