Maryland Flood Insurance
According to the Federal Emergency Management Agency, (FEMA), flooding events rank as the # 1 kind of natural hazards that take place in the United States. The flood insurance agents at Maryland Flood Insurance, in affiliation with National Flood Insurance, LLC, exclusively handle flood insurance flood insurance in the State of Maryland. The agents at Maryland Flood Insurance are specialists in their field and continue to focus on administering the most comprehensive information and excellence in service to the current and potential clients they assist.
The goal of the agents at Maryland Flood Insurance is to assist its fellow residents in not only understanding the basics of flood insurance, but to change some common misinterpretations as well. One such misconception is that your homeowner’s insurance will cover any flood related claims. The truth is that more than 50% of properties in high risk flood zones are unprotected and their homeowner’s insurance policy does not cover flooding. A second misconception is that it can be very expensive to purchase a flood insurance policy. If your home is considered to be in a FEMA determined low risk zone, you would be able to acquire a flood insurance policy for as little as $129 for the entire year. Many homeowners mistakenly believe that they do not live in a flood zone because they do not live by water. The fact of the matter is that where ever it rains or even snows, it can also flood. This is very likely the case in many parts of Maryland as well.
The professionals at National Flood Insurance, LLC, the parent company of Maryland Flood Insurance, have extensive knowledge of flood insurance as well as current National Flood Insurance Program (NFIP) legislation and are happy to assist you with any and all of your questions and concerns. The agents at Maryland Flood Insurance and National Flood Insurance, LLC, are direct representatives of FEMA and process flood insurance policies through the National Flood Insurance Program.
Call our agents today at 1-888-900-0404 to get a free Flood Zone Determination, a free flood insurance quote, or just to discuss your flood insurance related questions. Do not get caught without flood insurance. Protect your home and call us today!
An Overview of the NFIP
The National Flood Insurance Act of 1968 was passed by Congress in part due to an expanding concern of flood preparation and the growing expense associated with flood insurance. The result of this Act was the creation of the National Flood Insurance Program, (NFIP). The NFIP attempted to reduce the costs of flood insurance by adding government subsidies. In addition to lower flood insurance costs, higher standards of construction were implemented, which has helped to minimize damages caused by flooding events. During this time the NFIP was a part of the Department of Housing and Urban Development.
In 1972 there were less than 100,000 flood insurance policies in force nationwide. In that same year Hurricane Agnes devastated a wide area of the eastern United States and caused approximately $4 billion in damages. Congress investigated and noted that very few buildings were insured for flood and this led to the Flood Disaster Protection Act passed in 1973. This Act further amended the National Flood Insurance Act previously passed in 1968.