Colorado Flood Insurance Today I got a call from a client who is looking to buy a home in Jefferson County, CO. The property is in Wheatridge, and in an area that is considered a High-risk or Special Hazard Flood Area (SHFA). Zone AE flood insurance, Colorado Zone AE doesn't mean that her new home has flooded before or will flood; it means it has a higher chance of it, and it also means that her l…Read More
Question: I am having trouble selling 2 of my homes. Erik L Pittsfield MA I'm selling both of my rental houses in town so I can invest out of state. Both are in a flood area so I need extra insurance and home buyers run away once they hear that. In both situations what can I do to help the buyer not freak out and actually want to acquire the property? Answer: Flood Nerd I idea on selling a propert…Read More
Home in Flood Plain - Deal breaker? Brax P in Phoenix, Az - Hey flood nerds! I am currently under contract to buy a home in Arizona. The home within close distance to a street that is designated as a flood plain AE which has a 1% of flood annually and is high- risk. How do I get a quote for flood insurance? I am asking my current ins agent to provide but have heard quotes as low as $500 annually o…Read More
We often get asked if the flood policy we quote is Replacement cost or Actual cash. This post will hopefully clear up the question. If you have further questions or want to speak with a flood nerd feel free to call us at 1-866-990-7482. And if you want to save money on your flood insurance let us do your shopping. Flood Nerd to Lisa F (OR): Hi Lisa, Thanks for reaching out, I have exciting news, y…Read More
FEMA Flood Maps Flooding is the number one natural disaster we face in the U.S. All it takes is a few inches of water to cause catastrophic damage to your property. You could see your financial future destroyed with the flood floodwaters. We have had clients tell us they wish they had bought the flood insurance before it happened to them. Many had to take on second jobs, forgo retirement or in the…Read More
Flood Insurance Cost Calculator A question we often get asked is how much is flood insurance? It can be hard to calculate the cost of flood insurance. Because to some degree, it depends on where the structure is located. The government policy, which is written by the National Flood Insurance Program (NFIP) has a policy that is heavily subsidized and can be as little as $500 a year in most areas. "…Read More
What are my Private Flood Insurance options? Cost of private flood insurance vs NFIP https://www.youtube.com/watch?v=DK9u1IfpPUM This is such a great question and we hear all the time what are the flood insurance options? Many people believe that the Government flood insurance policy administered through FEMA also called the NFIP is the only option and that was true for 50-years when the NFIP had …Read More
Quick Guide to RCBAP, Master Condo Flood insurance policy, and personal unit owners flood policies. What is the difference between an RCBAP and a unit flood insurance policy? What is an RCBAP? What is a High-Risk flood zone? Why is my lender requiring the purchase of flood insurance? What is a condominium master flood Insurance policy? Does the condominium master flood policy cover any improvement…Read More
------------ Question fro KY client April - Jan7, 2019----------- --what things can help get the premium cheaper than this? Hi, April that is a great question, Typically the private flood market and Lloyds of London flood Insurance is much less than the Federal program the NFIP sometimes 50% less. However, as you have seen in your state there are few private flood insurance option (Superior Flood …Read More
The price tag of flood damage in the United States hit an astounding $8.4 billion in 2011. 2016 saw the most floods in the United States on record. While you may think flood insurance isn't all that important, it is absolutely crucial. If you live somewhere where it rains, you are susceptible to floods. Flooding can also occur from leaky pipes and other plumbing issues. However, this is not consid…Read More
