What is Flood Insurance?
Many homeowners do not think they need flood insurance either because they think they already have it with their homeowner's insurance policy, or because they do not think a flood can happen in their area. Unfortunately, a flood can happen anywhere and the majority of homeowner's insurance policies do not include flood protection. You will want to take a look at your current homeowner's policy to see if flood is covered.
With 15 years of Flood Damage Prevention and Flood Insurance Risk Experience, we can quickly quote you on what your Flood Insurance Premiums will be now, and how to quickly lower those premiums. So trust the experts who have your lowest cost in mind.
After sending us your Elevation Certificate and current insurance policy, we will run it through our Flood Risk Evaluator process. This will review all of your different mitigation techniques and options to allow you to have your lowest possible premium. After the FRE has done its job, we will provide you with a detailed report covering all mitigation steps. You will then be given a new insurance quote.
FRE has a team of Certified Floodplain Managers which will review your property and provide you with a Risk Report that states available solutions to reduce your premium, with a 83% on average savings track record.
We monitor our customer policies to ensure they always receive the lowest premium. We do this by staying on top of all new legislation pertaining to the flood insurance industry. If there is a change that will help our customer, we will be the first to know and inform.
The National Flood Insurance Program
The National Flood Insurance Program aims to reduce the impact of flooding on private and public structures. It does so by providing affordable insurance to property owners, renters and businesses and by encouraging communities to adopt and enforce floodplain management regulations. These efforts help mitigate the effects of flooding on new and improved structures. Overall, the program reduces the socio-economic impact of disasters by promoting the purchase and retention of general risk insurance, but also of flood insurance, specifically.
For more information, visit www.FloodSmart.gov
Private Flood Insurance
FEMA premium costs have tripled in the past decade. Private Flood Insurance can get you broader coverage for LESS cost. With us, you can save upwards of 50% on your current NFIP flood premiums AND get comprehensive coverage.
More About Flood Insurance
Nationwide, only 20% of American homes at risk for floods are actually covered by flood insurance. Most private insurers do not insure against the peril of flood due to the prevalence of adverse selection, which is the purchase of insurance by persons most affected by the specific peril of flood.
Flooding is defined by the National Flood Insurance Program as a general and temporary condition of partial or complete inundation of two or more acres of normally dry land area or two or more properties (at least one of which is your property) from: Overflow of inland waters, unusual and rapid accumulation or runoff of surface waters from any source, and mudflows
This can be brought on by landslides, a hurricane, earthquakes, or other natural disasters that influence flooding, but while a homeowner may, for example, have earthquake coverage, that coverage may not cover floods as a result of earthquakes.
Contact us to learn more about the right amount of flood coverage for your home.
430 Andbro Drive
Pitman, NJ 08071
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The Wagners Saved 84%
Meet The Wagners in this Best Practice Story and see how they were able to reduce their flood insurance by working with the Flood Risk Evaluator team.
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