Helpful Questions to Ask When Your Kenton, OH Home Floods

9/13/2021 (Permalink)

Talk to your insurance agent about flood insurance. Here are helpful questions to ask your agent:

• Does my community participate in the National Flood Insurance Program? Flood insurance from the NFIP is only available in participating communities, but most communities do participate. Your agent can tell you if your state and community participate, or you can look it up online in the Community Status Book.
• What flood zone do I live in? What is my property's flood risk? Is there a flood map (see note below) change coming that could affect what I pay?
• Is flood insurance mandatory for my property? Will the lender require it?
• Do I qualify for a Preferred Risk Policy?
• Does my community participate in the National Flood Insurance Program's Community Rating System (CRS)? If so, does my home qualify for a CRS rating discount?
• What will and won't be covered?
• Will the federal government back my flood insurance policy?
• How much coverage should I get for my building and for my contents?
• How can I reduce the cost of my flood insurance?
• Are there additional expenses or agency fees?
• Will my policy provide Replacement Cost Value or Actual Cash Value—and what's the difference between the two?
• Who should I call if I have a flood claim?
• How can I pay for my policy?
• How do I renew my policy?