flood risk

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flood risk
Posted On: August 29, 2020

If you live in an area with any level of flood risk, you will want flood insurance. And if that risk is high, then you are required to purchase flood insurance before your mortgage company gives you a loan. And if you're a tenant, you may also want to buy flood insurance to protect your belongings in case of a flood.


You may ask, I'm not near any water. My risk is low for flooding, so why should I purchase flood insurance? The answer is, flooding can happen anywhere to anyone. Without flood insurance, you could be spending thousands of dollars on damages, and that's only in repairs. Flood insurance will cover your property against any damages and replace any lost valuables. In other words, it's better to have flood insurance and not use it than not to have it and need it.


A flood risk map is a beneficial tool used to determine which areas are known for flooding and the level of risk for that area. Low to moderate risk areas are marked with the letters B, C, and X, while higher risk areas use the letters A and V. A flood map is also used by flood insurance companies to determine the costs of flood insurance rates.


For more information on what we mean by flood risk, 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.


Re Posted From: flood risk

Holts Flood Insurance


[BACK]
flood risk
Posted On: August 29, 2020

If you live in an area with any level of flood risk, you will want flood insurance. And if that risk is high, then you are required to purchase flood insurance before your mortgage company gives you a loan. And if you're a tenant, you may also want to buy flood insurance to protect your belongings in case of a flood.


You may ask, I'm not near any water. My risk is low for flooding, so why should I purchase flood insurance? The answer is, flooding can happen anywhere to anyone. Without flood insurance, you could be spending thousands of dollars on damages, and that's only in repairs. Flood insurance will cover your property against any damages and replace any lost valuables. In other words, it's better to have flood insurance and not use it than not to have it and need it.


A flood risk map is a beneficial tool used to determine which areas are known for flooding and the level of risk for that area. Low to moderate risk areas are marked with the letters B, C, and X, while higher risk areas use the letters A and V. A flood map is also used by flood insurance companies to determine the costs of flood insurance rates.


For more information on what we mean by flood risk, 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.


Re Posted From: flood risk

Holts Flood Insurance


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