| Flood Insurance... |
| Top 5 Reasons for Buying Life Insurance |
 |
1. Pay off Debt
2. Funeral expense
3. Replace income
4. Estate Preservation
5. Business Continuation
2. Funeral expense
3. Replace income
4. Estate Preservation
5. Business Continuation
| The Advisors Of "The Insurance Suite" Will Design A Plan To Meet Your Needs. |
Protect Yourself with Flood Insurance
Just a few inches of water from a flood can cause tens of thousands of dollars in damage.
Over the past 10 years, the average flood claim has amounted to over $33,000. Flood
insurance is the best way to protect yourself from devastating financial loss.
Flood insurance is available to homeowners, renters, condo owners/renters, and
commercial owners/renters. Costs vary depending on how much insurance is purchased, what it covers, and the property's
flood risk.
All policy forms provide coverage for buildings and contents. However, you might want to discuss insuring personal property
with your agent, since contents coverage is optional. Typically, there's a 30-day waiting period—from date of purchase—
before your policy goes into effect. That means now is the best time to buy flood insurance.
Flood Insurance For A Homeowner
As a homeowner, it's important to insure your home and its contents. Depending on your property location, your home is
either considered at high-risk or at moderate-to-low risk for a flood. Your insurance premium will vary accordingly.
Moderate-to-Low Risk
Most homeowners in a moderate-to-low risk area are eligible for coverage at a preferred rate. Preferred Risk Policy premiums
are the lowest premiums available through the NFIP, offering building and contents coverage for one low price. In fact,
building and contents coverage starts at just $129 per year.
If you don't qualify for a Preferred Risk Policy, a standard rated policy is still available. Even though flood insurance isn't
federally required, nearly 25% of all NFIP flood claims occur in moderate-to-low risk areas.
High-Risk
If you live in a high-risk area, a standard rated policy is the only option for you. It offers separate building and contents
coverage.
The Dwelling Form provides insurance for buildings with one to four units, including single-family condominium units and
townhouses. The General Property Form provides insurance for other- residential and commercial buildings. Both forms
provide flood insurance on contents, if you have purchased this optional coverage.
Flood insurance premiums are calculated based on factors such as:
 | Year of building construction | |
| Building occupancy | |
| Number of floors | |
| The location of its contents | |
| Its flood risk (i.e. its flood zone) | |
| The location of the lowest floor in relation to the elevation requirement on the flood map (in newer buildings only) | |
| The deductible you choose and the amount of building and contents coverage |
If your home is in a high-risk flood area and you have obtained a mortgage through a federally regulated or insured lender,
Flood Insurance for Renters
If you are a tenant, it is wise to insure your contents. The policy premium is based on several factors including the flood risk of
the building that you occupy.
Moderate-to-Low Risk
Most renters in moderate-to-low risk areas are eligible for coverage at a preferred rate. Preferred Risk Policy premiums are
the lowest premiums available through the NFIP, offering building and contents coverage for one low price. In fact, residential
premiums start as low as $49 per year for Contents Only coverage.
If you don't qualify for a Preferred Risk Policy, a standard rated policy is still available. Even though flood insurance isn't
federally required, nearly 25% of all NFIP flood claims occur in moderate-to-low risk areas.
High-Risk
If you live in a high-risk area, a standard rated policy is the only option for you. It offers separate building and contents
coverage.
Flood insurance premiums are calculated based on factors such as:
| Year of building construction | |
| Building occupancy | |
| Number of floors | |
| The location of its contents | |
| Its flood risk (i.e. its flood zone) | |
| The location of the lowest floor in relation to the elevation requirement on the flood map (in newer buildings only) | |
| The deductible you choose and the amount of coverage |
Click Here to contact The Insurance Suite for Flood Insurance Information.
| Are You Paying Too Much For Your Insurance Needs? Get a Free Quote From The Insurance Suite Today!!! |
What Is Home Insurance?
| Learn About Flood Insurance at the Floodsmart.gov link below... |
What About Flood Insurance
| © 2009 - 2010 TheInsuranceSuite.com | Life Insurance | Health Insurance | Auto Insurance | Home Insurance | Business Insurance | Annuities | Customer Service | Privacy Notice | Careers | Branch Offices | Site Map | Canal Fulton, Ohio 44614 |
| Home | Life Insurance | Health Insurance | Auto Insurance | Home Insurance | Business Insurance | Fixed Annuities | Customer Service | Careers | Branch Offices |
 |
