Tips for Anyone That May Be in or Near Flood Areas
Manage episode 158495657 series 1063437
Mike Gray에서 제공하는 콘텐츠입니다. 에피소드, 그래픽, 팟캐스트 설명을 포함한 모든 팟캐스트 콘텐츠는 Mike Gray 또는 해당 팟캐스트 플랫폼 파트너가 직접 업로드하고 제공합니다. 누군가가 귀하의 허락 없이 귀하의 저작물을 사용하고 있다고 생각되는 경우 여기에 설명된 절차를 따르실 수 있습니다 https://ko.player.fm/legal.
It’s easy to say everyone should buy flood insurance, so today we’re going to discuss the severe repetitive loss database. If your home has flooded multiple times in the past, it may be on this database. It sounds bad, but it was created by FEMA to watch your claim activity and has some great benefits. If your home has flooded more than four times since 1978 and two of those floods were within 10 years of each other and repairs costed more than $5,000, your house is more than likely already on the list.
If your home is on the list, FEMA may provide funds to raise your home, buy it back, or make it less susceptible to floods in general. It would behoove a homeowner or a person that’s about to buy a home to see if the address is on the severe repetitive loss database. It could be very beneficial in the decision-making process.
If you are on the list, you should have gotten notice at renewal.
If you are on the list, you should have gotten notice at renewal of your flood insurance. If you haven’t received one or you’re curious if your home may be on the list, ask your insurance agent. If you’re buying a home and getting a flood insurance quote, it should disclose whether or not the home is on the database.
This isn’t a new program, it’s been around for quite a while. However, with the recent multiple floods, we think it’s a good thing for you to keep on your mind. One important note about the severe repetitive loss database is that if two floods happened within 10 days of each other, FEMA only considers that as one claim.
If you or someone you know has had to deal with repetitive flooding, you should give Leash a call. He can be reached at (713)-688-8881 or Leash@AgencyYu.com
If you have any other questions for us or if you’re looking to buy or sell a home in Houston, give us a call or send us an email. We look forward to hearing from you.
16 에피소드