With hurricane season here once again, now is a great time to share some thoughts on things to think about and a give a little advice.
One of the best insurance brokers in our area shares this advice with property owners here along the beach.. “Our area is classified as a barrier island and it is our belief that nearly every homeowner in our area needs flood insurance!”. As real estate agents, we agree with this philosophy and NEVER tell a homeowner they don’t need flood insurance. There are different flood classifications that underwriters depend on here when writing homeowner policies. A flood classification of “X”, for instance, means that flood insurance is not REQUIRED and many people will choose not to include it in their coverage. Keep in mind that in order to have a fully comprehensive policy, you need the homeowners coverage, wind coverage and FLOOD COVERAGE. if you are in flood zone “X” you will be surprised how reasonable the premiums are and it’s simply a safe thing to have!