As an insurance company, how expensive is flood insurance? This is one of our clients' many questions, especially if they are new to flood insurance. And the answer always depends on where they live and the type of coverage they require. Those who live in higher-risk areas will pay more for flood insurance than those with low to moderate risk.
The other factors determining the cost are owning vs renting. Property owners need building and content insurance, whereas renters only require content insurance. Where you purchase your flood insurance can also decide how much flood insurance will cost. Flood insurance through the NFIP can range from $600 to $1600 a year. While flood insurance through the NFIP can be less expensive, content coverage is limited to high-valued items such as paintings. Consider purchasing flood insurance through a private company if you have valuables worth a lot.
So, how expensive is flood insurance? Costs also depend on insurance companies. At Holt Flood Insurance, we deal with the NFIP and private insurance providers, The Hartford, Wright Flood, Lloyds of London, NFS Edge, Neptune, and The Flood Insurance Agency. And with over 30 years of flood insurance experience, we can help you choose a company that works for you.
For more information on how expensive flood insurance is, visit our website or call us at (540)809-1415. We will answer any questions you may have. Contact Holt Flood Insurance today.