Скачать или смотреть Top 5 Tips for Navigating Flood Insurance in Flood Zone AE

If you live in Flood Zone AE, your property is in an area classified as high-risk for flooding. FEMA estimates that there is a 1% chance of flooding each year, which equates to a 26% chance of flooding over the course of a 30-year mortgage – much higher than many other areas. Understanding your flood insurance options is crucial for protecting both your home and your finances. This video contains the top 5 tips to help you confidently manage flood insurance in this zone.

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*Full Transcript:*
Top 5 Tips for Flood Zone AE
Tip #1: Know Your Base Flood Elevation (BFE)
BFE predicts how high floodwaters might rise during a flood.
Flood insurance premiums are heavily influenced by BFE.
Homes with the lowest floor below the BFE have a higher flood risk.
Tip #2: Factors Affecting Your Premium Price
Premiums vary based on factors like proximity to water, elevation, foundation type, coverage, and deductibles.
Tip #3: Mandatory Purchase in Flood Zone AE
If you have a federally-backed mortgage in Zone AE, flood insurance is mandatory to protect both homeowners and lenders.
Tip #4: Take Advantage of Shorter Waiting Periods
Private insurance from FloodPrice.com offers a short waiting period from 0–15 days.
The waiting period is waived if you are buying a home or refinancing, and flood insurance is required.
Tip #5: Compare NFIP and Private Insurance
Comparing NFIP and private insurance is key to finding the right coverage at the best price.
Luckily, FloodPrice.com offers both!
Call our Flood Experts at 866-503-5663 or quote online today!
FloodPrice.com