 |
||||||
 |
 |
 |
 |
 |
 |
 |
 Flood InsuranceWhat it Does! Flood Insurance protects your house & possessions from loss by rising water from the outside. Homeowner's and other property insurance specifically excludes this peril. Flood insurance is also available to protect possessions of tenants and for commercial buildings.
Why risk it? - Whether your loan requires Flood Insurance coverage or you just want piece of mind from this potential risk, let us help you obtain the Flood Insurance you want. Floods are the most common natural disater in the United States. Professional service makes a difference!
 Real people that want to help! - We're more than a website!
 Flood Insurance Quote
To obtain a customized Flood Insurance quote:
Base Flood Elevation - The level at which there is a 1% chance of flooding in any given year. A building that is located on land below the "Base Flood Elevation" is inside the 100-year floodplain. Elevation Certificate - Clarifies the relative elevation of your house in relation to the know flood risk. This allows for more accurate rating of the flood insurance policy and may reduce your flood insurance rates. Excess Flood Insurance - Flood insurance that is obtained beyond the standard flood insurance policy maximum limits. Current maximum limit is $250,000 for a single family dwelling. If you had a $350,000 house to insure for the risk of flooding, you would first purchase a standard flood insurance policy for the first $250,000 and then purchase a seperate policy of Excess Flood Insurance for the additional $100,000 protection you want. Flood Maps ("FIRM" - Flood Insurance Ratings Maps) - Created by FEMA's (Federal Emergency Management Agency) National Flood Insurance Program, these maps were created to determine which land areas are likely to be flooded. These maps are based on surveys of the elevation of land areas relative to known flood risks (creeks, rivers, lakes, etc.). Floodplain - Any normally dry land area that is susceptible to being inundated by water often because it is adjacent to a watercourse. The 100-year Floodplain is the land that would be inundated by a 100-year flood event. Flooding - Rising water from outside enters a structure. An example would be a house inundation from a flash flood. The flood peril also includes mudslide. Hundred Year Flood - An engineering term used to describe the relative flooding risk. A house that is located inside the Hundred Year Floodplain is considered to have a 1% change of being flooded in any given year. Most mortgages require that a house that is located in a Hundred Year Flood risk area must be insured for flood. LOMA (Letter of Map Amendment) - Document used to estabish that a building is not located in a Special Flood Hazard Area. A typical situation in which a LOMA would be important is when a part of a house lot is subject to flooding in a 100-year storm but the house itself has been built at a higher elevation. National Flood Insurance Program - This is the government agency that provides insurance for the flood peril in the United States. Insurance companies are licensed to sell flood insurance policies for this government agency. All financial backing, rules and contract terms are set by the National Flood Insurnace Program which is part of FEMA. Special Flood Hazard Area - A geographic area that is prone to flooding. An example would be an area adjacent to a river that has an elevation low enough to be subject to flooding. FEMA / National Flood Insurance Link for more information: FloodSmart.gov
Flood Insurance Overview
Property Coverages
Building - Provides protection up to your limit for damage or destruction of your house or other dwelling from peril of flood including rising water and mudslide.
Contents - Provides protection for your clothes, appliances, furniture and other possessions at your residence from peril of flood including rising water and mudslide. Flood Insurance offers "Actual Cash Value" as the basis of settlement. Contents coverage is optional and has a separate deductible.
Secondary Structures (fences, sheds, etc.) - No coverage is extended to secondary structures from the standard flood policy. Coverage is only available for the main structure.
Loss of Use - None (not available which is unfortunate)
Liability Coverage - None (This coverage is available as part of your Home Insurance policy)
Preferred Risk Policy - Over 25% of flood damage happens each year to properties outside of the 100-year floodplain. A "Preferred Risk Flood Insurance Policy" can protect your home and possessions at a modest price.
Flood Zones:
A - River / stream flood risk
AE - River / stream flood risk with mapped base flood elevations
AO - River / stream flood risk with shallow water depths (1-3 feet)
AH - River / stream flood risk with shallow water paths (flows of 1-3 feet)
V - Coastal or Storm Surge flood risk
VE - Coastal or Storm Surge flood risk with mapped base flood elevations
X - Not a Special Flood Risk Area (elevation above the 100-year floodplain)
Some Coverage Limitations:
Please see your policy for important details, but here's several coverage limitations that should get your attention.
Property Deductible - Be sure to know what your deductible is. Flood Insurance has a separate deductible for the house and for contents. In the event of a flood property loss, your compensation for property damaged would begin after the loss exceed your deductible.
FLOOD INSURANCE QUOTE
To obtain a customized Flood Insurance quote:
  Need other Insurance? We can help - Quote Austin Insurance - insurance quotes & more information
 Discounts! You may qualify for:
|
Flood Insurance Basics:
2404 South I-H 35, Austin, TX 78704-5701
Phone: 512.444.3366 | Fax: 512.447.6226 | Email: Info@QuoteAustinInsurance.com
Website Design & Hosting by Bat City Productions