Do I Need Flood Insurance
With the recent flood map revisions, many homeowners in California have been required to purchase flood insurance. You may have purchased your home many years ago and have not been required to carry flood insurance. Over the recent years this has changed for many homeowners in California and is going to change again for many more. The new standards that have been put in place for levee ratings have dramatically increased the amount of California homeowners that have been required to purchase flood insurance in California. As we all know, a large portion of California is protected by levees, especially areas in Northern California, such as Yuba City, Sacramento, and Woodland. All three of these areas have seen changes in the rating of their levees and their flood zones. Federal law requires that any federally backed mortgage in a high risk flood zone is protected with flood insurance for the life of the loan. Many of the homes in these areas were built while the areas were rated as a moderate or low risk of flooding. This is why, until the map changes take effect, the homeowners have not been required to carry flood insurance on their homes. Call one of our experienced California flood insurance agents today to learn more. You can also get more information by reading on our flood insurance page at www.bainsandwoodward.com/california-flood-insurance.html .Get your quote online today or call 530.421.8111 License 0G13612.
