Home Page Home Page Newsletter Contact Us Get A Quote Life Insurance Employee Benefits Business Insurance Personal Insurance
Get A Quote

FLOODS OF INTEREST

 

            Homeowners with mortgages from federally regulated lenders need flood insurance if their properties rest within a flood hazard area. In these regions, there is a 25 percent chance of a flood occurring  during a 30-year mortgage timeframe. However, even if a home is owned outright or a mortgaged home does not reside within a flood hazard, there are plenty of good reasons to purchase flood insurance, which is not part of standard homeowners insurance policies. People who live in low- or moderate-risk areas  file more than one-fifth of all claims through the National Flood Insurance Program, as well as receive about one-third of federal flooding disaster assistance. Changes in weather patterns place nearly everyone at some degree of risk.

 NOTE: There is typically a 30-day waiting period before a flood insurance policy takes effect with exceptions.

 

Posted 6:28 AM  View Comments

Share |


No Comments


Post a Comment
Name
Required
E-Mail
Required (Not Displayed)
Comment
Required


All comments are moderated and stripped of HTML.
Submission Validation
Required
CAPTCHA
Change the CAPTCHA codeSpeak the CAPTCHA code
 
Enter the Validation Code from above.
NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive


View Mobile Version
JED Insurance and Financial Service Agency, Inc I 30 Mechanic St. Ste 5 I Foxborough, MA 02035                                                 Powered by Insurance Website Builder
                                                                                                                                                
Privacy Policy  &  Terms of Use     

 

© Copyright 2013 J.E.D. Insurance and Financial Services, Inc. All Rights Reserved.

 

 

Home Page About Us Our Services Newsletter Get A Quote Contact Us Home Page Like us on Facebook LinkedIn