4 Factors That Determine Your Flood Insurance Rate
Have you recently purchased a home near a large body of water? If so, you'll likely want to purchase flood insurance. Regular homeowners insurance usually doesn't cover flooding, so you'll need extra insurance to provide that protection. If you're new to waterfront home ownership, flood insurance may seem like a bit of a mystery. However, there's actually a well-defined system in place that determines flood insurance rates. Here are the four most important factors in determining your rates: