Flood Insurance Video Blog: Flood Insurance Over the Pond

In today's daily flood education video we are talking about flood insurance over the pond.

If you're purchasing a property on one side of the Lake compared to the other, is flood insurance going to be the same? Is it going to be different?

We get these questions from customers every day.

So before we get started now, remember if you've got questions about flood insurance, flooded education and floods on changes, click below

to visit our website, flood insurance, guru.com. You can also check out our YouTube channel, where we do these daily flood education videos.

We have an educational background in flood mitigation, which means we're here to help your understand flood risks.

So let's talk about today's topic.

What we're talking about is over the pond, and you've probably heard our friends from the UK use this term a lot when we're talking back and forth with each other. What we're talking about is different properties on one side of the pond, compared to the other. It can be night and day difference when it comes to flood insurance, just the other day we had one property with a $500 a year flood insurance rate and on the other side, $3,000 a year.

So why is this?

Well, you know, when FEMA makes these maps they're done on the parcel.

Many times that parcel, as you can see with this boathouse below, FEMA might have the house at the same elevation. An elevation certificate could possibly help in this situation. If you are looking to order one then click here.

This could be a big difference in flood insurance premiums.

So this is a common thing that happens all the time, where we see people overcharged for flood insurance premiums.

It goes back to making sure that your flood insurance premium equals your risk.

You see this isn't the same risk as a boat house, sitting at the same level as the house, when this house is up on the hill. So these are the kinds of problems we see every day and these are the kinds of problems that we try to help fix every day. That doesn't mean this house is not going to flood.

It just means that we're going to help you when it comes to making sure your premium matches your risk.

So if you've got questions about determining what your true flood risk is and how to minimize those premiums, to make sure it matches your risk, or maybe you want to dispute that risk? then click here.

So if you have further questions about flood insurance then make sure to check out our YouTube channel.