Sherzer Insurance Blog
The Covid pandemic is an everyday financial challenge faced by millions of people around the world. At these challenging times, people would settle to cut back their expenses and prioritize their needs. Even in flood times, nothing is more comforting than flood insurance that maximizes savings and decreases clients' fees in the long run. Find out the following hacks to maximize flood insurance savings during the pandemic by reading this article.
Obtain Your Elevation Certificate, to be reviewed by a Licensed Civil Engineer
An elevation certificate is a vital document needed to determine the risk of flooding within one's property. It includes the building elevation level and features, structural location, and flood zone specification. A detailed assessment of the building elevation, including its flood risks, is one of an elevation certificate's compositions. This certificate is also used for the computation of premiums.
A licensed civil engineer checks and ensures the acquisition of a fail-proof elevation certificate – one that is free from errors, inaccurate base flood elevation (BFE), and any other setback that affects the progress of building your property. An accurate elevation certificate minimizes expenses by detailing the characteristics and the risks and errors found on the property.
Settle for a Flood Mitigation System
It is better to determine the means of decreasing flood flow within your property, and as such, venting as a flood mitigation option will come in handy. It involves creating a garage, crawlspace, and installation of openings through the lowest level walls. These structures are designed to promote flood drainage. Lack of proper venting affects insurance rates on the property's lowest level; thus, a well-constructed flood flow design must ensure cutback expenses from floods.
Flood-proof Your Property
It involves installing removable or adjustable waterproofing systems within commercial properties to stop floodwater and prevent property damage. It decreases the insurance premium cost by up to 90%.
Boost Your Insurance Deductibles and Opt for Potential Flood Zone Removal
Increasing one's deductibles ensures a lower insurance premium cost. In times of flood, a higher deductible is beneficial for higher insurance coverage, providing security on the clients' part.
It is advantageous to determine the status of the property's flood zone maps and its location. Outdated zoning might occur due to zoning by neighborhood instead of by property. Zone A might be moved to Zone B and will not need flood insurance. It is better to know the scope of one's flood zone to determine coverage and the need for flood insurance.
Select the Right Flood Insurance Agency
Choosing the flood insurance company significantly affects the policy and the coverage and premium costs obtained from the company. Always select the insurance agency that provides the best, well-defined flood insurance plan for you and your family.
Flood insurance policies that provide the most financial savings while limiting expenses are the best comfort for a family in times of a calamity like a flood, especially during the pandemic.
At Sherzer Insurance Agency, we aim to provide comprehensive insurance policies that make your life easier. We want to help you get the insurance that fits your needs. You can get more information about our products and services by calling our agency at (239) 673-9301. Get your free quote today by CLICKING HERE.