Link to FEMA Federal Emergency Management Agency
Flood Insurance - Preferred Risk
- YOU DON’T HAVE TO LIVE BY WATER TO BE AT RISK. Almost 1/3 of ALL floods happen in low to moderate risk areas.
- YOUR HOMEOWNERS POLICY DOES NOT COVER FLOOD DAMAGE. Only federal flood insurance does. The average premium is just over $300 for $100,000 of coverage. Since the government sets the rates, there’s no need to shop around. But there’s a 30-day waiting period on new policies – so act now!
- FEDERAL DISASTER ASSISTANCE COSTS YOU MONEY. Only 50% of flood disasters qualify for federal assistance. This money is a small grant –averaging about $2,500 - or a loan repayable with interest. (And to even qualify for aid, you must show proof of existing flood insurance!) Repaying a federal loan can cost as much as $3,600 a year.
- WHY FLOOD INSURANCE INSTEAD OF FEDERAL DISASTER ASSISTANCE? Did you know that the most typical form of Federal Disaster Assistance is a loan that must be paid back with interest? The average payment for a $50,000 residential disaster loan is $311 per month, while the average premium for an NFIP flood insurance policy is just over $300 a year. In addition before most forms of Federal Disaster Assistance are offered, the President must declare a major disaster. Flood insurance helps to put you in control. Homeowners can get up to $250,000 of coverage and businesses up to $500,000.
Please click here for a quote on Flood Insurance.
YOU QUALIFY IF: |
|
| You own a 1 to 4 family dwelling. | |
| Your property is located in a B, C or X flood zone. | |
| Your property has had no more than two paid flood claims over $1000, regardless of ownership. | |
COVERAGE OPTIONS: |
|
BUILDING/CONTENTS |
PREMIUM |
| A. $ 20,000 / $ 5,000 |
$106
|
| B. $ 30,000 / $ 8,000 |
$131
|
| C. $ 50,000 / $12,000 |
$171
|
| D. $ 75,000 / $18,000 |
$196
|
| E. $100,000 / $25,000 |
$221
|
| F. $125,000 / $30,000 |
$236
|
| G. $150,000 / $38,000 |
$251
|
| H. $200,000 / $50,000 |
$281
|
| I. $250,000 / $60,000 |
$301
|
