flood insurance tips
Flood Zone Determination Map
Flood Zone Determination Map
The flood zone determination map can be a helpful tool for insurance companies and property owners. Insurance companies will use this map to determine the area's cost of flood insurance. High-risk areas usually pay more for flood insurance than those at a low to moderate risk. Properties that are in high-risk areas are required to purchase flood insurance before taking out a mortgage.
What's the difference between property insurance and flood insurance? Property insurance only covers accidental flooding such as a burst pipe or leaking appliance. Flood insurance covers water damage caused by weather. So regardless of your flood risk level, purchasing flood insurance is important as added protection. Without it, you could spend thousands of dollars on repairs alone. You can purchase flood insurance through the NFIP or a private insurance company.
On the flood zone determination map, low to moderate-risk areas are labeled with the following letters, B, C, and X, whereas high-risk areas are labeled A and V. Flood risk levels can change throughout the years, that is why communities must work with FEMA to keep the map updated on any changes. FEMA will then update the map if needed.
For more information on the flood zone determination map, 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.
Here is what our clients are saying about us:
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.
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!
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!
We'll help you:
Lower your current flood insurance premiums
Eliminate excessive & unnecessary coverage
Remove the FEMA from the claims handling process
