flood insurance tips
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.
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!
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!
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.