purchasing your flood insurance policy

When purchasing a flood insurance policy, it’s essential to understand key aspects to ensure you get the right coverage for your property. Here’s a quick guide to help:

1. Assess Your Flood Risk

Determine if your property is in a high-risk flood zone or a moderate-to-low risk area. You can usually find this information through FEMA’s flood maps or your local government.

2. Understand What’s Covered

Building Coverage: This typically covers the structure of your home or building, including walls, foundation, and major systems (plumbing, electrical).
Contents Coverage: Covers personal belongings like furniture, electronics, and clothing. It's often purchased separately from building coverage.

3. Waiting Period

Flood insurance policies generally have a 30-day waiting period before they take effect. Plan ahead, as you can’t purchase it right before a storm.

4. Costs and Deductibles

Premiums depend on your flood zone, the value of your property, and the type of coverage. Make sure to review deductibles and coverage limits to find the best balance for your needs.

5. Private vs. National Flood Insurance Program (NFIP)

The NFIP is the government-backed option, but private insurers may offer more flexibility and competitive rates. Compare both to see which offers better terms for you.

6. Work with an Insurance Agent

Speak to a licensed insurance agent to help you navigate the details and select a policy that meets your coverage needs.

Purchasing flood insurance ensures you’re financially protected from flood-related damages, which are often not covered by standard homeowners' insurance.

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Here is what our clients are saying about us:

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

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