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Do I need Flood Insurance????

Reblogger
Real Estate Agent with Get Results Team...Just Call (408) 252-8900! . DRE #00901962 . Licensed to Sell since 1985 . Altas Realty DRE# 00901962 Lic.1985

I live and work in sunny Silicon Valley, California. Due to havoc and damage caused by Hurrican Irene, Mary here poses the question Santa Clara County homeowners may never have asked: Do I Need Flood Insurance?

She makes some good points, noting that changing weather patterns throughout the country, flooding in new areas, etc. are contributing to the possibility of flooding. Those who may have previously been exempt from mandatory flood insurance should take a look at the new maps at www.floodsmart.gov to see if it is now required.

Importantly, people who are concerned or worried about flooding can buy flood insurance, even if its not required.  

Original content by Mary Macy

These are interesting times with changing weather patterns across the US, many areas that do not require Flood insurance because they have not flooded in 100 years are now under water.  The pattern of weather and hurricanes seems to be changing.  If you live near a river or lower lying area it may be a good time to review your need for Flood Insurance.

Many people don't know that their regular Homeowners or Fire and Extended CoverageRiver Picture Insurance will not cover Flooding of their home.  Flood Insurance is backed by the Federal Government and it can be as low as $129 per year.  It is only required on areas that have had standing water in the past 100 years, ie the 100 year flood plain, but you can purchase it even if it is not required on your home.  If you were not required to get Flood Insurance at closing when you bought your home, then your home, but maybe not your property is not in a flood plain.

If a part of your property is in the flood plain where there are no structures built on that section of land, you may still have the potential in this ever changing weather to be flooded.  It may be a good time to reexamine your property and decide if you are in a lower lying area that maybe flood insurance may be worth the additional premiums. 

The best place to start to examine your property and the propensity to flood is on the FEMA Flood Plain Maps Web site  CLICK HERE or contact your insurance agent and have a discussion with them about the cost of Flood Insurance and what the propensity is in your area for flooding.  There is a lot of good information at the site www.floodsmart.gov

The time to investigate Flood Insurance is before the rain starts.  What is that saying "An ounce of prevention is worth a pound of Cure"  I am certain there are some people along the Eastern Sea Coast who wish they would have investigated the cost of Flood Insurance before this weekend.

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Aloha & God Bless You, 

Michelle Carr Crowe Just Call 408-252-8900 sign image

 

Michelle Cherie Carr Crowe Real Estate Team

Real Estate Agent . Author . Coach

DRE #00901962 . Licensed to Sell since 1985

P: Just Call ... 408-252-8900
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E: GetResultsTeam@gmail.com

Altas Realty . DRE#01526983

1190 S. Bascom, #118, San Jose, CA 95128

www.MichelleJudyCarr.com

Michelle Cherie Carr Crowe and her "Get Results Team" (established by the late legendary Silicon Valley super agent Judy Carr) are known as the "Lynbrook and Cupertino Schools Experts." Coaching clients to success is Michelle's passion, making her and her team creative catalysts for positive change in people's lives. She is a Silicon Valley-based multi-million dollar real estate consultant, author, coach and trainer who works by referral only.

Her designations have included: Accredited Buyers Representative (ABR), Accredited Consultant of Real Estate (ACRE), Accredited Luxury Home Specialist (ALHS)Accredited Staging Professional (ASP)Certified Distressed Property Expert (CDPE),  Property Marketing Expert (PME), Real Estate CyberSpace Specialist (RECS), and Senior Real Estate Specialist (SRES).

Michelle is an internationally-published freelance writer with over 1,200 traditional articles published in print and online, co-author of two books on Silicon Valley-specific real estate as well as over 68,000 blog posts on Blogger, ActiveRain, Examiner, FaceBook, Realtor, Trulia, RealBird and others. She enjoys reading, traveling, animals, nature, family, dancing, staging, consulting, coaching and praying. Check out her blog at www.activerain.com/results or visit her online at www.michellejudycarr.com. For RE$ult$ ... Just Call ... (408) 252-8900.

 

Comments (4)

Pamela Seley
West Coast Realty Division - Murrieta, CA
Residential Real Estate Agent serving SW RivCo CA

Michelle, I've always wondered about homes in a 100-year flood plain. What happens when a 100 years have passed without a flood? A flood could be waiting to happen.

Aug 28, 2011 07:13 PM
MichelleCherie Carr Crowe .Just Call. 408-252-8900
Get Results Team...Just Call (408) 252-8900! . DRE #00901962 . Licensed to Sell since 1985 . Altas Realty - San Jose, CA
Family Helping Families Buy & Sell Homes 40+ Years

I'm not sure how the system works to be honest. I haven't heard of them downgrading a flood risk, though, only upgrading to one.

Aug 28, 2011 08:28 PM
Captain Wayne - Rowlett Real Estate School
Rowlett Real Estate School - Panama City, FL
Rowlett Real Estate School / Owner and Instructor

We have quite a bit of flooding in Florida.  Thanks for the information Michelle. A lot of people do not realize that flood damage may not be included in their policy. 

Aug 28, 2011 11:03 PM
Mary Macy
Top Agents Atlanta Metro - Roswell, GA
Top Agents Atlanta Metro

Thanks for reblogging my post on Flood Insurance, appreciate it.

Aug 29, 2011 05:12 AM