The cost of an annual flood insurance premium estimate varies by state and the level of flood risk for the area. Areas with high flood risks pay more than moderate to low-risk areas. Prices also vary depending on where you buy flood insurance, whether through the NFIP or a private insurance company.
Although flood insurance through the NFIP is more affordable, coverage for buildings stops at $250,000 and content at $100,000. Purchasing insurance through a private insurance company may be better if you require more coverage. We have over 30 years of flood insurance experience at Holt Flood Insurance. We can help you choose the type of insurance you need, whether you're new to flood insurance or looking for a better rate.
The average annual flood insurance premium estimates can range from $1,000 per state. The cost of flood insurance for Virginia ranges from $800 and $1000 for West Virginia. While flood insurance is only recommended unless you live in a high-risk flood area, you should purchase it as a precaution, as flooding can happen anytime. Without it, you could spend thousands of dollars on repairs alone, as your homeowner's insurance only covers accidental flooding, such as a burst pipe or leaking appliance.
For more information on annual flood insurance premium estimate visit our website or call (540)809-1415. Contact Holt Flood Insurance today. We will answer any questions you may have.