How excess flood insurance costs are determined is a question our clients will ask us when looking into extra coverage for their home or business. And the answers we give them will vary depending on a few things, and not everyone will pay the same price for flood insurance. Some pay more, and some pay less.

The factors that go into these costs are the elevation of the home, distance from the property and body of water, foundation structure, i.e., crawl spaces or basements, etc. The home's building materials will also play into how much the cost will be. The flood risk level for the area will also determine the price of flood insurance. Higher risk areas will pay more for those at low to moderate risk.

What do excess flood insurance costs cover? And is it worth paying extra? Extra flood insurance covers the same as regular flood insurance but with some added expenses such as the structure of your home and vital systems such as plumbing and electrical. Excess flood insurance will also cover damage to personal property such as clothing, furniture, and electronics. However, items kept in basements may not be covered as basements are a flood risk. Excess flood insurance may also cover income loss and additional living expenses should you need to live elsewhere while your home is under construction.

For more information on excess flood insurance costs, visit our website or call us at (540)809-1415. We will answer any questions you may have. Contact Holt Flood Insurance today.

Re Posted From: excess flood insurance costs

Holts Flood Insurance

How excess flood insurance costs are determined is a question our clients will ask us when looking into extra coverage for their home or business. And the answers we give them will vary depending on a few things, and not everyone will pay the same price for flood insurance. Some pay more, and some pay less.

The factors that go into these costs are the elevation of the home, distance from the property and body of water, foundation structure, i.e., crawl spaces or basements, etc. The home's building materials will also play into how much the cost will be. The flood risk level for the area will also determine the price of flood insurance. Higher risk areas will pay more for those at low to moderate risk.

What do excess flood insurance costs cover? And is it worth paying extra? Extra flood insurance covers the same as regular flood insurance but with some added expenses such as the structure of your home and vital systems such as plumbing and electrical. Excess flood insurance will also cover damage to personal property such as clothing, furniture, and electronics. However, items kept in basements may not be covered as basements are a flood risk. Excess flood insurance may also cover income loss and additional living expenses should you need to live elsewhere while your home is under construction.

For more information on excess flood insurance costs, visit our website or call us at (540)809-1415. We will answer any questions you may have. Contact Holt Flood Insurance today.

Re Posted From: excess flood insurance costs

Holts Flood Insurance