Buying a home in a flood zone isn’t always a bad idea, especially if you have the right flood insurance to protect your investment. At AS Insurance Agency, we’re here to offer Manchester, NH residents the flood insurance products necessary for your peace of mind. Here, we’ll look at a few things you’ll want to consider before purchasing a property located within a flood zone.
Flood History
You’ll want to learn more about the particular flood zone in which your potential property is located. Researching FEMA’s flood maps, understanding the property’s elevation, and learning more about previous flooding incidents can all help you decide whether to proceed with your purchase.
Legal Requirements
In many areas, flood insurance is required for homes that are in high-risk zones. Your realtor can work with you to help you understand the insurance requirements for the properties you’re considering. At AS Insurance Agency, we’re happy to talk with you about the cost of flood insurance for your property.
Mitigation Measures
If you’re purchasing a property in an area where flooding is common, previous owners may have taken steps to reduce the risk of flooding, such as installing sump pumps, upgrading drainage systems, or raising the structure. These factors may lower the cost of your flood insurance.
Call AS Insurance Agency, Serving Manchester, NH
At AS Insurance Agency, we’re here to provide you with the guidance you need to choose the right insurance policy for your home. We’re happy to discuss flood insurance coverage with you, and our friendly agents are waiting to meet you. Please stop by our office or call us today to learn more about how we can protect you and your home.
