Homeowners
policies do NOT cover flood damage
- The
average 30-year mortgage has a 1% chance of fire, and a
26% chance of flood loss
- Over half of
all recent flooding events have occurred in non-High Risk
flood zones
- Federal
disaster assistance is a loan, it averages $3,500 and it
must be paid back with interest
- Residential
flood insurance can be as inexpensive as shown below for
non-High Risk flood zones and credit cards are accepted.
|
Building/Contents
Coverage |
Annual
Premium |
|
$20,000
/ $8,000 |
$112 |
|
$30,000
/ $12,000 |
$138 |
|
$50,000
/ $20,000 |
$180 |
|
$75,000
/ $30,000 |
$207 |
|
$100,000
/ $40,000 |
$233 |
|
$125,000
/ $50,000 |
$249 |
|
$150,000
/ $60,000 |
$264 |
|
$200,000
/ $80,000 |
$296 |
|
$250,000
/ $100,000 |
$317 |
|
