Tag: flood risk

Decoding Flood Maps: Are You at Risk?
August 2, 2024 Off

Decoding Flood Maps: Are You at Risk?

By The Admiral Staff

This article explains how to understand and navigate flood maps to assess your flood risk. It details how to find your location on the FEMA flood map system (FIRMs/FIRMettes), how to interpret the different zones (high, moderate, minimal hazard) and base flood elevation (BFE). The article clarifies that even properties outside designated flood zones aren’t entirely safe, and a significant portion of flood claims come from these areas. It also outlines steps you can take to mitigate flood risk beyond insurance

Flood Insurance: What It Costs & How to Save
June 25, 2024 Off

Flood Insurance: What It Costs & How to Save

By The Admiral Staff

Floods are a common and costly natural disaster in the U.S., with even a small amount of water causing over $25,000 in damage. Flood insurance, primarily backed by the federal government, is crucial but averages around $888 annually. Coverage is required for homes with government-backed mortgages in high-risk areas and offered through the National Flood Insurance Program (NFIP) and private companies. Factors like location, home construction, coverage amounts, and deductible choices impact