Collecting flood data is the best way to develop safety and preventative matters for areas prone to flooding. It also helps determine flood insurance costs for those areas. The United States Geological Survey (USGS) is responsible for collecting and storing this data, which is then shared with FEMA and the NFIP.
The price of flood insurance depends on the flood risk for the area and the type of flood insurance. For example, areas at high risk for flooding will pay more for flood insurance than those in low to moderate areas. And if you rent your home, you will only need to pay for content insurance. At Holt Flood Insurance, we can help you find flood insurance costs for your home or business.
After flood data is collected, this information is then entered and used to create flood maps that help determine the flood risk level for each area. Flood maps use the letters A and V for high-risk areas and B, C, and X for low to moderate risk areas. Properties in areas A and V must have flood insurance before banks give a mortgage. You can purchase flood insurance through an insurance agency or the NFIP.
For more information on flood data, 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.
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
