Flood Risk & Flood Insurance:

So, let's talk flooding for a moment. Not just flood risk, but also flood insurance.

There are many misconceptions among homeowners as to what these terms mean. Why? Well, in part because of the communications received from those doing the advising throughout the purchase process. Or maybe it's not a lack of communication, but instead not in a practical language buyers fully understand.

And dare I say.. in some cases it's neither.

It's not that the homeowners have misunderstood, but even worse that those doing the advising didn't understand the process themselves. If there is any chance this is you, I'm very sorry! There's a chance those conveying the information didn't mean to misrepresent in any way. They simply weren't educated on the process themselves.

Today, I'm tackling common misconceptions and hope that at the very least it creates some homeowner awareness.

Flood Risk Overview:

• There are various zones which are determined by flood risk.
• The lowest risk zone is referred to as flood zone "X".
• Flood risk is not only determined by ocean storm surge, but also heavy amounts of rain often associated with a tropical event. Flooding can occur many miles inland due to heavy amounts of rain, where the ocean levels are not impacted whatsoever.
• Know your area of risk! View not only current maps, but future proposals as well.
• To date, there are properties that have flooded that are located in the lower risk zone "X" and also properties located in the highest of risk (VE) that have not. Access your personal risk tolerance first and foremost!
• Just because a 30 year home has not flooded, does not mean it never will!