{"id":2330,"date":"2017-03-10T08:03:54","date_gmt":"2017-03-10T14:03:54","guid":{"rendered":"http:\/\/handsome-picture.flywheelsites.com\/?p=2330"},"modified":"2017-03-21T12:23:19","modified_gmt":"2017-03-21T18:23:19","slug":"the-411-on-flood-insurance","status":"publish","type":"post","link":"https:\/\/conroyllc.com\/2017\/03\/the-411-on-flood-insurance\/","title":{"rendered":"The 411 on Flood Insurance"},"content":{"rendered":"<p><span style=\"font-size: 1.5em;\">Flooding is the most common natural disaster.<\/span><\/p>\n<ul>\n<li><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-medium wp-image-1477\" title=\"You need an umbrella\" src=\"http:\/\/conroyllc.com\/wp-content\/uploads\/2012\/06\/You-need-an-umbrella-300x200.jpg\" alt=\"\" width=\"300\" height=\"200\" srcset=\"https:\/\/conroyllc.com\/wp-content\/uploads\/2012\/06\/You-need-an-umbrella-300x200.jpg 300w, https:\/\/conroyllc.com\/wp-content\/uploads\/2012\/06\/You-need-an-umbrella-250x166.jpg 250w, https:\/\/conroyllc.com\/wp-content\/uploads\/2012\/06\/You-need-an-umbrella.jpg 1024w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/>Anywhere can flood.<\/li>\n<li>You don&#8217;t need to live near a coastline or river to have a flood. Flash floods, inland flooding, and seasonal storms bring flooding to every region of the country.<\/li>\n<li>Just a few inches of water can cause tens of thousands of dollars in damage.<\/li>\n<\/ul>\n<p><span style=\"font-size: 1.5em;\">Homeowners insurance does not cover floods.<\/span><\/p>\n<ul>\n<li>Only flood insurance covers your home and your personal property from floods.<\/li>\n<li>A flood insurance policy compensates homeowners, renters, and business owners for all covered losses, and unlike a Federal disaster loan, it does not have to be repaid.<\/li>\n<\/ul>\n<p><span style=\"font-size: 1.5em;\">You can?t get flood insurance at the last minute.<\/span><\/p>\n<ul>\n<li>In most cases, it takes 30 days after purchase for a policy to take effect, so it&#8217;s important to buy insurance before the storm approaches and the floodwaters start to rise.<\/li>\n<\/ul>\n<p><span style=\"font-size: 1.5em;\">If you are in a high-risk area, flood insurance may be mandatory.<\/span><\/p>\n<ul>\n<li>If you live in a high-risk area, and you carry a mortgage from a federally regulated or insured lender, flood insurance is required.<\/li>\n<\/ul>\n<p><span style=\"font-size: 1.5em;\">You can purchase flood insurance no matter your flood risk.<\/span><\/p>\n<ul>\n<li>You can buy flood insurance as long as your community participates in the NFIP.<\/li>\n<li>You can get flood insurance if your house has been flooded before, even if your mortgage doesn&#8217;t require it.<\/li>\n<li>Outside of the high-risk Special Flood Hazard Area, most properties will qualify for the lower-cost Preferred Risk Policy.<\/li>\n<\/ul>\n<p><span style=\"font-size: 1.5em;\">Preferred Risk Policies provide flood protection at the best price.<\/span><\/p>\n<ul>\n<li>For just $129 a year, qualifying homeowners can purchase a minimum of $20,000 building and $8,000 contents coverage.<\/li>\n<li>Renters can pay as little as $57 per year for $8,000 contents coverage.<\/li>\n<li>Business owners can buy $50,000 building coverage and $50,000 contents coverage (per building) for just $643 per year.<\/li>\n<li>Business owners who lease their space can purchase $50,000 contents coverage for just $1853 per year.<\/li>\n<li>To qualify for a PRP, the property must be located in a moderate- to low-risk zone and meet loss history requirements.<\/li>\n<li>Two claims or disaster relief payments of $1,000 or more for flooding, or three flood losses of any amount, make the structure ineligible for the PRP.<\/li>\n<\/ul>\n<p>Contact us if you need more information about flood insurance or need a quote.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Flooding is the most common natural disaster. Anywhere can flood. You don&#8217;t need to live near a coastline or river to have a flood. Flash floods, inland flooding, and seasonal storms bring flooding to every region of the country. Just a few inches of water can cause tens of thousands of dollars in damage.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[75,11],"tags":[29,20,85],"_links":{"self":[{"href":"https:\/\/conroyllc.com\/wp-json\/wp\/v2\/posts\/2330"}],"collection":[{"href":"https:\/\/conroyllc.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/conroyllc.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/conroyllc.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/conroyllc.com\/wp-json\/wp\/v2\/comments?post=2330"}],"version-history":[{"count":0,"href":"https:\/\/conroyllc.com\/wp-json\/wp\/v2\/posts\/2330\/revisions"}],"wp:attachment":[{"href":"https:\/\/conroyllc.com\/wp-json\/wp\/v2\/media?parent=2330"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/conroyllc.com\/wp-json\/wp\/v2\/categories?post=2330"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/conroyllc.com\/wp-json\/wp\/v2\/tags?post=2330"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}