We have all heard the rivalry between East coast and West coast rappers like 2Pac and Notorious B.I.G. Then there was the historical NBA matchups with the Lakers and Celtics. The NFL battles between the 49's and the Falcons. The East coast and West coast have always battled each other. Flooding threats is no different.

When you think of Florida one of the first things that probably comes to mind is hurricanes. When you think of areas like Gleneden Beach or Lincoln City Oregon you may think of earthquakes or cliff erosion.

While both of these areas are considered coastal areas, they face some pretty different flood threats.

Florida is normally the most popular area in the country for hurricanes to hit. The state is relatively flat which can cause flooding issues without a hurricane. However when hurricanes hit they can cause some serious flood problems as history has taught us with storms like hurricane Andrew.

The flood threat along rivers and lakes in Florida is not as high as other parts of the country. This is an area where many people let their guard down by not carrying flood insurance.

Now let's take a look at areas like the Oregon coast. There are some beautiful coastal areas in Oregon like the Gleneden beach area. This coastline faces some different challenges from your traditional hurricanes. As we know hurricanes get stronger with warmer waters.

As you can imagine the coastal waters of Florida are much warmer causing a greater threat. However a threat that is pretty low that is high in Oregon is the threat of tsunamis and cliff erosion. Being on the west coast earthquakes are pretty common which can activate tsunamis. These tsunamis can bring rushing flood waters into areas like Gleneden beach or other areas of Lincoln county Oregon. According to The News Guard cliff erosion in areas like Oregon is something that continues to increase flooding threats along the Oregon coast.

So whether you are on the East coast or the West coast you face unique flood threats. It maybe hurricanes, it might be river flooding, or even cliff erosion.

It's important that you have a flood insurance policy in place that can help protect you financially.

Remember not all flood insurance options are the same. In the Oregon area you have some great private flood insurance options that can provide some additional coverages that you don't get with the National Flood Insurance Program.

Let's say you have an investment property in Gleneden beach. If that property floods you would not have loss of use coverage with the National Flood Insurance Program but you may have it with a private flood insurance policy.

So if you have further questions about flood insurance in Oregon make sure to click here. You can also check out our daily flood education videos on our Youtube channel or even the podcast for this blog.

Remember we have an educational background in flood mitigation. This means we can help you understand your flood insurance, flood risks, and mitigating your property long term.

 

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Chris Greene

Author

Chris Greene

President of The Flood Insurance Guru
M.S. in Emergency Management with a focus in Flood Mitigation
flood@communityfirstagency.com

Most people don't think residence type plays a big impact on Pell City flood insurance rates. However whether you are using a property as a primary, secondary, seasonal, or investment property can play a major role on your Pell City flood insurance.

We just spoke with an insurance agent this week where their client had gotten a flood quote from another company that was significantly less. Actually about $2500 less

road flooding

But why?

Aren't all flood insurance rates the same?

Yes they are but rates are only as accurate as the information that is put in there by the agent.

There are a couple ways that occupancy type plays a role on flood insurance rates in Pell City Alabama.

  1. Surcharge
  2. Rating factors

Let's look at surcharges first. When it comes to the National Flood Insurance Program and flood insurance in Pell City there is a surcharge called HFIAA also known as the Homeowner Flood Insurance Affordability Act. This act put into place April 1, 2015 adds a surcharge to each National Flood Insurance policy. On a primary residence this surcharge is $25 and on a non primary its a $250 surcharge.

However where the big difference can come into play is the rating tables. Lets look at two homes in Pell City both built before the first flood map also referred to as Pre-Firm properties.

Lets say both have no basements but one is a primary residence and one is not. For the primary residence you would using rating 2a that has a rating factor of 1.18 for every $100 in coverage which would give you a rate of $1180 for a $100,000. Compared to that non primary residence that has a factor of 3.85. That would give you a rate of $3850 for the non primary residence. Its important that things on the elevation certificate can give certain rating credits that can bring this rate down, but this should give you a good idea of the rates.

So as you can see having the wrong occupancy type can have a major impact on your flood insurance through the National Flood Insurance Program.

 

Don't get too down if your residence is not your primary residence as many lake homes in Pell City are not.

 

There is a private market for flood insurance in Pell City that does not use these same factors in determining rates for properties. In fact we recently helped some residents in Pell City save more than 40% by switching from the National Flood Insurance Program to a private flood insurance policy.

Its important to understand the strict guidelines FEMA has in making this switch. If you want to learn more about how to make this switch or exactly what the guidelines are then click the link below.

Understand switching flood insurance

 

You can also visit our YouTube channel or Facebook Flood Insurance Guru where we do daily flood education videos. Remember we have an educational background in flood mitigation so we can help you understand your flood insurance, flood risk, and mitigating your property against future flooding.

 

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Chris Greene

Author

Chris Greene

President of The Flood Insurance Guru
M.S. in Emergency Management with a focus in Flood Mitigation
flood@communityfirstagency.com