When Flood Occurs
Anywhere it can rain, it can flood. If you live on a hill or in an area that has never been flooded, you may still be at some level of risk.
Flooding can be caused by heavy rains, melting snow, inadequate drainage systems, failed flood control structures such as levees and dams, as well as tropical storms and hurricanes. It is important to understand the flood risks you face before deciding whether to purchase flood insurance.
Everyone lives in a flood zone. Flood zones indicate areas of low, moderate and high risk. In low- and moderate-risk zones flooding can still occur. The risk is reduced but not removed. The fact that a flood hasn’t occurred in recent years does not mean that one hasn’t happened in the past or that one will not happen in the future. But flood history is only one element used in determining flood risk. Determinations are also based on evaluating your community’s rainfall and river-flow data, topography, tidal surge, flood control measures, and building development (existing and planned).
Using such data, flood hazard maps have been created for most of the nation. These maps show the locations of low-, moderate- and high-risk zones. Note that in some areas of the U.S., a flood hazard study has not yet been conducted. Using these flood hazard maps, your insurance agent can help you determine your risk level and provide you with the flood insurance coverage that is right for you.
Our Exclusive New Private Flood Program
Recently Carroll Steele Insurance was invited as one of the selected few agencies to sign up for one of the first private flood insurance programs backed by Lloyds of London. Since October 2016 we have written several new clients under this program saving on average around 40%.
Below are some important highlights of the program.
- Banks / Lending Institution approved
- Flood Zone AE properties benefit sometimes cutting premiums in half!
- Coverage up to 800k compared to standard flood 250k cap. Eliminates need for excess flood policy.
- Program includes 100k ground collapse coverage at no extra cost!
- 15 days waiting period compared to standard flood 30 days.
If you have flood insurance through the standard flood insurance program and want to see if you qualify for our private flood program please complete the request form on the right and we’ll provide a no obligation quote.