For property owners in a low to moderate risk zone, the preferred risk flood policy provides $250,000 of protection for as little as $460 maximum.
In fact, a little less than 30% of flood insurance claims occur in locations that no one thought were at risk for flooding. Millions of dollars of losses have been paid to homeowners who may have once believed they were not at risk.
Weather patterns are changing, housing and commercial developments often change rainwater runoff, therefore perhaps you should re-consider the purchase of a flood insurance policy.
