Buying in a Flood Zone: What You Need to Know

Buying a home in a flood zone can be a thrilling yet risky venture. We at Familia Insurance Agency cater to Kissimmee, FL residents by providing comprehensive insurance products. This article will guide you on what to anticipate in flood zones and why you might need flood insurance.

What is a Flood Zone and its Classification?

A flood zone denotes a geographical area classified by the Federal Emergency Management Agency (FEMA) as having a high flood risk. The risk classification falls into two main categories: Special Flood Hazard Areas (SFHAs) and non-SFHAs, with SFHAs likely to experience higher flooding incidences.

What to Expect When Buying a Home in a Flood Zone

Homes in flood zones usually attract buyers with attractive waterfront views and competitive prices. However, flood insurance premiums also form a significant part of the long-term costs. It’s worth discussing with your lender if they necessitate that you acquire flood insurance. This type of insurance covers flood-related damages and could save thousands of dollars, even minimal flood damage.

Engage a Qualified Flood Insurance Agent

For you to make the right decision when purchasing a home in a flood zone, it’s advisable to involve a qualified flood insurance agent. Such a specialist can help you understand coverage levels that best suit your needs.

Familia Insurance Agency: Your Trusted Insurance Provider in Kissimmee, FL

As a seasoned insurance provider, Familia Insurance Agency believes in offering tailored insurance solutions. We offer a variety of products to meet your unique needs. Feel free to contact our highly trained team today to learn more.