615 N Upper Broadway, Suite 2020
Corpus Christi, TX 78401
There are typically two types of people who buy flood insurance. The first type is when they live in a floodplain and are required to. The second type buys it after they didn’t have flood insurance and it happened anyways. Unfortunately, we cannot help you after the fact, but here is the deal. If you do not live in a flood zone. It can be inexpensive.
Talk to us now before you get in “over your head.”
If you are required to buy flood insurance, you will most likely know because your mortgage company will not let you close on your home without it. If you are required to have it, you will need to acquire an “Elevation Certificate.” What if you cannot locate the Elevation Certificate? Don’t worry, you can have a surveyor come out to provide one for you. This is going to be necessary, so your agent can provide you with a quote.
If your home is in a flood zone, your insurance will be written through the National Flood Insurance Program (NFIP). This program is controlled by FEMA. What does this mean for you? It means that the rates are set. Your premium should be the same regardless of what insurance agency you receive your quote from. If you do see a variance, it may have not been written correctly.
Not in a flood zone? That doesn’t mean you are out of the water. According to FEMA people outside of high-risk flood zones file more than 20 percent of all NFIP claims and receive one-third of federal disaster assistance for flooding. Flooding is the number 1 natural disaster in the United States. Purchasing a flood policy outside of a floodplain is extremely inexpensive and can save you thousands in the event you find yourself rowing away from your home.