This year we had to switch our coverage - he made it very quick and simple - other than having to pay money!" "We have had out business insurance with Bill for several years. Really give them a call for your commercial insurance. Have other business with them so thought why not let them give me a price - Saved several thousand dollars on our flood coverage - even found out the agent I had it with had it miss rated and would have been less to start with. I missed the bill on our current flood policy and it lapsed. Called Bill about Flood coverage for our business. " Now I am convinced there is a real difference. "Great customer service! Worked with me quickly to get the best rates possible for me." That's exactly what you need in an insurance broker." It is agencies like this that are with you for the long haul. "You may not get the answer you want to hear, but you will get the correct answer that you need to hear. I would recommend you and your company to anyone.” I realize with being an insurance agent you are probably very busy, but I just wanted you to know how much I appreciate you and am glad to have you as our insurance agent. I am uncertain of how to express how thankful I am, thank you! Also, thank you for your help with trying to find us another insurance company but taking us back when we couldn’t find another. I also feel that you were patient with us when we had no idea what we were doing. “Thank you for everything you have done for my family! I am grateful for how fast you and your team stepped up after our home burnt in 2016, you did an amazing job at getting us a good place to stay while we figured out what we were going to do about new home. The insurance company took care of me quickly." ![]() I have had clients recently experience both of those things."I love my insurance company! I love Doug, a tree fell on my car and house, put three holes in my roof. You can also purchase out of a flood zone and then be changed into it, all of a sudden you have to start carrying flood insurance. You could purchase a house in a flood zone - map gets changed and you're no longer in the flood zone/no longer required to carry flood insurance. Knock on wood.Īnother thing, flood maps change periodically. My house is built to the +3 and in my opinion has virtually no risk of flooding. I switched to a private flood company and saved 50% of the premium that I was paying for my FEMA policy. Government plugs people into buckets of risk for pricing. Private providers do a better job of assessing individual risk then the government does. Recently, flood regulations have changed and you now have the option to purchase flood insurance through private providers. Rates can and do change and you're basically at the mercy of FEMA for that. IMO the worst part about flood insurance is that when you are in a flood zone, you are stuck and required to carry it until the loan is paid off. Those houses would be at substantially greater risk for flooding and the price they'd have to pay for coverage would reflect that. Without knowing specifics I would bet that the people commenting saying that houses in flood zones sit on the market for years are referencing older houses that sit at or below the base flood elevation. Where you can get stuck is in buying an older home that isn't built to the same (preferred tier) elevation. ![]() New construction homes will pretty much all be built to base +3 feet which ensures that you are getting the premium pricing for flood insurance. Some people in flood zones will be built up on stilts or built several blocks up. The price you pay for flood insurance is heavily dependent on your zone and how far above base flood elevation your home is. I don't believe it makes a tremendous difference in time to sell or resale value. I'm comfortable owning my home (in a flood zone) and hundreds of people buy/sell in our area every year. I say that to qualify that I know a little bit about floods, flood zones, and flood insurance. I live in a flood zone and as a banker I deal with people buying properties in flood zones regularly. Here, please treat others with respect, stay on-topic, and avoid self-promotion.Īlways do your own research before acting on any information or advice that you read on Reddit. Get your financial house in order, learn how to better manage your money, and invest for your future. Banking Megathread: FDIC, NCUA, and your cash.Private communication is not safe on Reddit. Scam alert: Ignore any private messages or chat requests.
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