Floodplains, Flood Zones,
& Flood Insurance...Oh My!

Since we are expecting about 4 or 5 inches of rain today, it seems like a good time to talk about Flood Zones.  The threat of your home flooding is probably not something you think about on a regular basis.  It's just not something you expect to happen, but if it does, it can be devastating...especially if you don't have flood insurance. 

How do I know if I'm in a flood zone?
  If you are purchasing a property with financing, chances are you are going to be required to purchase flood insurance if your property is located in a flood zone.  So how do you find out if you are in a flood zone and need to purchase flood insurance?  I r
ecently ran across this website, FreeFlood.net.  You will need to sign up for a free account, but then you can just pop in the address in question and up pops your answer...actually, you will get something like this.  Of course, this information should be double checked but this will give you a great idea what you are getting into.

What does that mean?
  Click on the tab that says "What does this mean?" and there is
a nice explanation. This is what I got.  

Looks like this property will need flood insurance. 
The cost of flood insurance is a huge concern for home buyers and with good reason.  The costs can vary greatly! According to FloodSmart.gov the average yearly cost of a policy is $700.  If your home is in a flood zone, or if you are considering buying in a flood zone, you may want to visit Floodsmart.gov. They have the "One Step Flood Risk Profile".  You can enter an address and this handy tool will tell you if you are a high flood risk, give you an estimate of your flood insurance premium (except in special cases), and will provide a list of agents in the area who provide flood insurance policies. 

So are you ready to shop for your next home? 
Put on your rainboots and give us a call to get started today!