Minnesota Flood Insurance

Did you know that Flood Insurance is not covered by your home insurance. Flood insurance is specifically excluded from your home insurance, actually. If you are in need of Flood Insurance, you will have to take out separate insurance policy.

Is Flood Insurance Expensive?

Flood insurance can be very expensive. It largely depends your flood zone. Flood zones are determined by the federal government. FEMA to be exact. There are Low Risk, Moderate Risk and High Risk Flood zones. If you are in a high risk flood zone, than yes your insurance can be very expensive. If you are in a low risk flood zone, than your annual flood insurance policy is $500 or less. If you are in need of a flood insurance quote, click on the link below and we can get a quote put together for you in minutes.

Am I required to have Flood Insurance For a New Home Purchase?

If you are in a moderate or high risk flood zone, you will be required to take out a flood insurance policy. Your mortgage company will require you to take out a policy before you close on your new home loan. If you are in a low risk flood zone, you will not be required to take out flood insurance. We can tell you very quickly what flood zone that you are in. We would simply need a name and address to look up the flood zone.

Flood Insurance Rates

Flood insurance rates are determined by the federal government. All standard insurance companies will have the same rates. However, flood insurance can be written on what is called a private market. Insurance rates tend to be much cheaper on this private market. You can also take out more coverage on the private market.

Contact us with any of your flood insurance questions or needs.

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Are you ready to save time, aggravation, and money? The team at Ameriguard Insurance Agency is here and ready to make the process as painless as possible. We look forward to meeting you!

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