Flood Insurance: “Because without it your home is a disaster waiting to happen”

It seems appropriate on this morning of another nor’easter to echo the reminder recently sent out by FEMA.
– Flood damage is not covered by most homeowners insurance.
– Flooding is the #1 natural disaster.
– People outside high-risk areas file over 20% of NFIP claims and receive one-third of disaster assistance for flooding
– In high-risk areas homes have at least a 1 in 4 chance of flooding over a 30 year mortgage
– Flood insurance is mandatory if you live in a high-risk area and have a mortgage from a federally regulated or insured lender.

For more information go to FloodSmart.gov

If you – or somebody you know – are considering buying or selling a home and have questions about the market and/or current home prices, feel free to contact me on 617.834.8205 or [email protected].

Andrew Oliver is a Realtor with Harborside Sotheby’s International Realty
Sotheby’s International Realty® is a registered trademark licensed to Sotheby’s International Realty
Affiliates LLC. Each Office Is Independently Owned and Operated

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