How much flood insurance costs is a typical question new clients ask us. And the answer we give them depends on a few factors, which include the level of flood risk for their area and whether they want to go through a private insurance company or purchase their policy through the NFIP.
Policies provided by the NFIP are more affordable. However, the coverage is limited. So, if your home is more than $250,000, it's best to go with a private insurance company. In some cases, flood insurance is required, such as for homes in areas at high risk for flooding. While in all other areas, it's optional. We recommend you purchase it regardless of your flood risk. Without flood insurance, you could spend thousands of dollars on repairs alone.
We can find how much flood insurance costs by using flood maps. FEMA created these valuable tools with the help of active communities to map out areas and their flood risk levels. FEMA marks areas at high risk with the letters A and V. While low to moderate-risk areas are the letters B, C and X. Areas A and V will pay more for flood insurance than the lower to moderate-risk ones.
For more information on how much flood insurance costs, visit our website or call us 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 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 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
