I’m not in a flood zone, do I need to purchase flood insurance?
Total Comments: 6
Posted: Thu Jun 24, 2010 03:43 pm Post Subject:
According to the National Flood Insurance Program, 25% of all flood claims are on properties NOT located in flood zones.
Posted: Thu Jun 24, 2010 03:44 pm Post Subject:
f you are not located in a Flood Zone, your policy will not be very costly. For example, a Preferred Risk policy for up to $250,000 house with $100,000 contents coverage can cost as little as $355 a year.
Posted: Thu Jun 24, 2010 03:51 pm Post Subject:
If you are not located in a Flood Zone, your policy will not be very costly. For example, a Preferred Risk policy for up to $250,000 house with $100,000 contents coverage can cost as little as $355 a year.
Posted: Tue Jun 29, 2010 04:51 pm Post Subject:
From the NFIP website:
Residents of High-Risk Areas
Homes and buildings in high-risk flood areas with mortgages from federally regulated or insured lenders are required to have flood insurance. These areas have a 1% or greater chance of flooding in any given year, which is equivalent to a 26% chance of flooding during a 30-year mortgage.
Residents of Moderate-to-Low Risk Areas
Homes and businesses located in moderate-to-low risk areas that have mortgages from federally regulated or insured lenders are typically not required to have flood insurance. However, flood insurance is highly recommended because 25% of all flood claims occur in moderate-to-low risk flood areas.
A lender can require flood insurance, even if it is not federally required.
If you are on the top of a mountain, you may not need a NFIP policy.
Posted: Mon Jul 05, 2010 07:13 pm Post Subject:
Safeguard your Home against Burglary
Your home is definitely one of your most prized possession. It is the place you belong... a place you come back to... a place where you live happily with your loved ones. The most common incident that threatens your home's security is Burglary. There is no fool proof method to prevent it completely, but you can definitely take some steps to avoid it considerably.
_______________ Fast Cars Engines | Business Books
Posted: Tue Jul 06, 2010 12:04 am Post Subject:
The most common incident that threatens your home's security is Burglary
Well, that may just be true, but this thread is about flood insurance.
Posted: Thu Jun 24, 2010 03:43 pm Post Subject:
According to the National Flood Insurance Program, 25% of all flood claims are on properties NOT located in flood zones.
Posted: Thu Jun 24, 2010 03:44 pm Post Subject:
f you are not located in a Flood Zone, your policy will not be very costly. For example, a Preferred Risk policy for up to $250,000 house with $100,000 contents coverage can cost as little as $355 a year.
Posted: Thu Jun 24, 2010 03:51 pm Post Subject:
If you are not located in a Flood Zone, your policy will not be very costly. For example, a Preferred Risk policy for up to $250,000 house with $100,000 contents coverage can cost as little as $355 a year.
Posted: Tue Jun 29, 2010 04:51 pm Post Subject:
From the NFIP website:
Residents of High-Risk Areas
Homes and buildings in high-risk flood areas with mortgages from federally regulated or insured lenders are required to have flood insurance. These areas have a 1% or greater chance of flooding in any given year, which is equivalent to a 26% chance of flooding during a 30-year mortgage.
Residents of Moderate-to-Low Risk Areas
Homes and businesses located in moderate-to-low risk areas that have mortgages from federally regulated or insured lenders are typically not required to have flood insurance. However, flood insurance is highly recommended because 25% of all flood claims occur in moderate-to-low risk flood areas.
A lender can require flood insurance, even if it is not federally required.
If you are on the top of a mountain, you may not need a NFIP policy.
Posted: Mon Jul 05, 2010 07:13 pm Post Subject:
Safeguard your Home against Burglary
Your home is definitely one of your most prized possession. It is the place you belong... a place you come back to... a place where you live happily with your loved ones. The most common incident that threatens your home's security is Burglary. There is no fool proof method to prevent it completely, but you can definitely take some steps to avoid it considerably.
_______________
Fast Cars Engines | Business Books
Posted: Tue Jul 06, 2010 12:04 am Post Subject:
The most common incident that threatens your home's security is Burglary
Well, that may just be true, but this thread is about flood insurance.
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