Rates On Flood Insurance

Dated: 10/05/2017

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NFIP flood insurance rates do not differ from company to company or agent to agent. All policy premiums include certain fees and surcharges, so ask your agent about these when discussing a price quote. If your community participates in the Community Rating System (CRS), you may qualify for an insurance premium discount. The discount is calculated based on the community's efforts to reduce the risk of flooding.

The amount you pay for your policy is calculated based on factors such as:

  • Year of building construction.

  • Building occupancy.

  • Number of floors.

  • Location of its contents.

  • Flood risk (e.g., its flood zone).

  • Location of the lowest floor in relation to the Base Flood Elevation on the flood map.

  • Deductible and amount of building and contents coverage.


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Information is from https://www.fema.gov/national-flood-insurance-program/How-Buy-Flood-Insurance

Photo is from bhampropertydamage.com


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Jenny Rutherford

Meet Jenny Rutherford Jenny Rutherford Real Estate, LLC. Where did you grow up? I grew up on a farm at the base of the Blue Ridge Mountains in Virginia. I've lived in several states, including Virgi....

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