How much is flood insurance in a flood zone is a question we get asked, and the answer depends on the level of flood risk for your area. High-risk areas pay more than low to moderate risk areas. You can find which zone you live in by using FEMA's flood maps. Flood maps layout the flood risk areas and marks them with the letters A and V for high-risk areas and B, C, and X for low to moderate areas.
Flood insurance is mandatory for properties located in high-risk areas, and mortgage companies will not give you a loan until you have provided proof of insurance. At Holt Flood Insurance, we recommend that everyone buys flood insurance regardless of their flood risk level. Without it, you could be spending thousands of dollars on repairs.
So, how much is flood insurance in a flood zone? Flood Zones A and V pay $925 a year, and moderate to low areas pay $485. The state with the most expensive flood insurance is Vermont, at $1590. Florida has the cheapest insurance rate. Even though it's a coastal state, the most affordable rates show the purpose of the NFIP, which is to make flood insurance available to those who need it.
For more information on how much flood insurance is in a flood zone, 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
