flood insurance tips
Is Flood Insurance Required?
Is Flood Insurance Required?
Is flood insurance required is a question we are often get asked by our customers. While the answer is no, we always inform them that floods can happen at any time to anyone. And without flood insurance, you could be spending thousands of dollars on repairs.
Anyone can purchase flood insurance, even renters. And like our customers who own their own homes, we tell renters about the importance of flood insurance, as their landlord's insurance will not cover items damaged from water. Flood insurance is different than homeowner's insurance, as it covers water damages caused by weather. Your homeowner's insurance only covers accidental water damage such as a burst pipe or a leaky appliance.
There is one situation where flood insurance is required, and that is if you are thinking about buying a home in an area with a high risk for flooding. Most mortgage companies will not give you a loan unless you have purchase flood insurance. High-risk areas are marked with the letters A and V on the flood map.
So is flood insurance required? The answer depends on the situation, but we highly recommend purchasing it even if you don't use it because it's better to have it and not use it than to need it and not have it. For more information on flood insurance, 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.
Here is what our clients are saying about us:
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.
We'll help you:
Lower your current flood insurance premiums
Eliminate excessive & unnecessary coverage
Remove the FEMA from the claims handling process
