The team at Lend Smart Mortgage is here to offer informative information to help our customers make smart decisions when they are looking to buy or refinance a home. With the hurricanes that have brought devastating floods, flood insurance is important to understand. With or without flood insurance coverage, what the Federal Emergency Management Agency (FEMA) does is also important to know.
FEMA has clearly defined what areas are highly prone to flooding as well as those areas that have moderate and minimal risks. Those areas that are highly prone to flooding require flood insurance. If your land is located in a moderate or minimal risk area, it does not mean you will not experience a flooding experience. To know what zone your property resides, this is where you want to look.
On NFIP website, you should be able to find all the answers regarding flood insurance. We have outlined a few of your questions: What does it cover? How to obtain it? What does it cost?
It is important to understand how FEMA works to help people devastated by natural disasters. The most important thing to know is that they do not cover anyone with the amounts that a flood insurance policy will cover. Per FEMA, "if your home was impacted by a major disaster we recommend that you apply for assistance." They may be able to help with additional, financial assistance that your insurance does not cover.
If you live in a zone that does not require insurance, you would want to contact FEMA if you should experience a natural disaster such as flooding. FEMA determines the amount of financial assistance by its set rules, regulations, and guidelines. Printing the FEMA natural disaster information is a good idea, especially if you elect not to take out a flood insurance policy.
Lend Smart Mortgage is made up of a proactive team. We work hard to help our customers get the home they want with a mortgage that makes sense for them. We make it our mission to help our customers make smart decisions. When our customers refer or return to us, we know we have done our job the right way, and that is the smart way. We're here when you need the right team to help you close on your next home.
We are a direct lender and a broker who will work one on one with you to exceed your expectations. If we don’t have a product that makes the most sense for you, we’ll find the lender that does. We’ll make sure you have the best loan at the best price. Choose Lend Smart- it’s the smarter way of doing business.