What is the MOST Common Natural Disaster in the United States?
FLOOD !.....and Your Homeowners Policy Does Not Cover That Risk
- Historically about one-in-four flood claims occur in low- to moderate-risk areas.
- Floods and flash floods happen in all 50 states.
- Just a single inch of water can cause costly damage to your property
- Hurricanes, winter storms and snow melt are common (but often overlooked) causes of flooding.
- New land development can increase flood risk, especially if the construction changes natural runoff paths.
And if you decide to rely on Federal disaster assistance – consider this:
- Federal disaster assistance is usually a loan that must be paid back with interest. For a $50,000 loan at 4% interest, your monthly payment would be around $240 a month ($2,880 a year) for 30 years. Compare that to a $100,000 flood insurance premium, which is about $500 a year ($33 a month).
Flood insurance premiums are generally lower than expected
- If you live in a low to moderate risk area and are eligible for the Preferred Risk Policy, your flood insurance premium may be as low as $112 a year, including coverage for your property's contents.
Remember – there’s a 30 day wait before a flood insurance policy takes effect.
Get Covered Today!
I have lived in Maryland all my life and been an active real estate professional for the last 20 years. I have worked with numerous foreclosures, short sales, pre foreclosures, HUD homes and bank owned properties.
If you have a home to sell in Baltimore County, Baltimore City, Harford County or Cecil County call an agent that knows the area and works hard to make you a satisfied client. I specialize in Bel Air, Abingdon, Aberdeen, Forest Hill, Perry Hall, North East, Kingsville and the entire I95 corridor. For 20 years I have helped people buy and sell real estate and specialized in REO and foreclosure properties for investors and homeowners.
When I am not helping my clients with their real estate needs I enjoy spending time with my family and my Pomeranian Zeke, bible study, gardening and foreign mission work. In 2007 I founded Micah Missions a non-profit company designed to raise awareness and funds to assist the struggling Haitian refuges in the Dominican Republic.
;)
;)
