Did you know flooding is the #1 natural disaster in Virginia?
One of these common misconceptions is that your homeowner’s insurance will cover any flood related claims. The truth is that more than 50% of properties in high risk flood zones are unprotected and their homeowner’s insurance policy does not cover flooding.
Flood Insurance can be an essential need for homeowners in Virginia. Yearly rainfall, storm surges, and hurricanes can all cause flooding in our state. Hurricanes like Isabel and Gaston demonstrated that even “safe” areas can get hit hard in heavy storms. However, flood damage is excluded from most homeowners insurance, and disaster assistance has its own limitations.
Only flood insurance covers flooding.
It is also important to understand that the Flood Disaster Protection Act of 1973 required buildings located in identified flood hazard areas to have flood insurance coverage as a condition of receiving federal aid or loans from federally insured banks for federal disaster assistance.
This means you are putting yourself at great risk if you live in one of these areas and do not obtain flood insurance.
As native Virginians, we know how to assess your level of risk and will help you make the right decision for your situation.
Let us look up your property, assess your structures and come up with a plan with you. Don’t rely on your neighbors to make the decision for you. Let us, the experts, ensure you have the protection you need.
Flood insurance is required by federal regulations for structures either partially or completely located in a Special Flood Hazard Area.
Having flood insurance is necessary to maintain eligibility for any federal or federally related financial reconstruction or acquisition assistance as we mentioned above.