how much flood coverage do I need?

How much flood insurance coverage do I need is another common question clients ask their insurance companies. And the answer depends on what they are protecting. For example, home and business owners will require building and content insurance. Renters only need content insurance as their landlord would cover their building.

The insurance cost always depends on the flood risk level for the area. High-risk areas pay more for flood insurance than those at a lower risk. You can buy flood insurance through the NFIP or a private insurance provider. At Holt Flood Insurance, we work with the NFIP and the following insurance companies, The Hartford, Wright Flood, Lloyds of London, NFS Edge, Neptune, and The Flood Insurance Agency.

While thinking, how much flood insurance coverage do I need? Think about the value of your home and possessions, and consider how much it would cost to rebuild. The cost of rebuilding your home and how much your possessions are worth will determine where to buy flood insurance. If you have recently purchased home insurance, your insurance company can provide you with that information. If the price of your home is more significant than $250,000 and your possessions are worth more than $100,000, then it's better to go with a private insurance company than the NFIP.

For more information on how much flood insurance coverage do I need, 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.

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Here is what our clients are saying about us:

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

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