If you live in an area with any level of flood risk, you will want flood insurance. And if that risk is high, then you are required to purchase flood insurance before your mortgage company gives you a loan. And if you're a tenant, you may also want to buy flood insurance to protect your belongings in case of a flood.
You may ask, I'm not near any water. My risk is low for flooding, so why should I purchase flood insurance? The answer is, flooding can happen anywhere to anyone. Without flood insurance, you could be spending thousands of dollars on damages, and that's only in repairs. Flood insurance will cover your property against any damages and replace any lost valuables. In other words, it's better to have flood insurance and not use it than not to have it and need it.
A flood risk map is a beneficial tool used to determine which areas are known for flooding and the level of risk for that area. Low to moderate risk areas are marked with the letters B, C, and X, while higher risk areas use the letters A and V. A flood map is also used by flood insurance companies to determine the costs of flood insurance rates.
For more information on what we mean by flood risk, 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
