By searching flood plain maps by address, insurance companies can determine how much their customers will pay for flood insurance. The higher the risk, the more it will cost to insure the property. FEMA designs these maps with the help of communities that actively engage in flood risk management.
Flood patterns can change at any time. That's why communities and FEMA need to work together to keep these maps updated. Not only will this information help insurance companies, but it also helps new homeowners when looking at properties. Properties located in high-risk areas are required to purchase flood insurance before mortgage companies release a loan.
Flood plain maps by address can also tell your area's flood risk level. Low-risk regions are marked with the letters B, C and X. While high-risk areas have the letters A and V. Even though flood insurance is only mandatory for high-risk areas, we recommend that everyone purchases flood insurance, even renters. You can buy flood insurance through the NFIP or a private insurance company. Without flood insurance, you could spend thousands of dollars on repairs.
We can help you with all your flood insurance needs at Holt Flood Insurance. For more information on flood plain maps by address, visit our website or call us at (540)809-1415. We will answer any questions you may have. Contact Holt Flood Insurance today.