Is My Home Eligible for Grandfathering

Your home can qualify for grandfathering two ways. If your carried continuous flood insurance on your home while the area that you live was rated as a low risk and the area is changed to a high risk flood zone, your policy will remain on what is called a preferred policy. You will be given a lower premium than others that purchase a policy after the area has been changed to high risk. The other form of grandfathering is to be grandfathered for built in compliance. If the date that your home had its last substantial improvement was while there was a flood map in place that rated the area that you live as low risk and the area rating was changed to high risk then you will eligible to be grandfathered into a regular policy. This would potentially save you hundreds of dollars per year on your flood insurance. It is important that you work with an experienced agent to ensure that your policy is properly rated and that you are receiving the premium that your home qualifies for. If your home is currently located in a high risk flood area then having an experienced agent could also simplify the process of your flood insurance purchase. You will not need to get elevation certificates if your home qualifies for grandfathering. Get your quote online today or call 530.923.2930 License 0G13612.