Flood Insurance in Annapolis, Edgewater and Anne Arundel County: Protecting Waterfront Homes in Maryland
Whether you live in Annapolis, Pasadena, or Edgewater, you’re not far away from a tributary of the Chesapeake Bay. Our county, Anne Arundel, has approximately 520 miles of shoreline, making it a beautiful place to live. But our proximity to water, also means we are vulnerable to flood conditions when waters rise, and flooding can cause extensive property damage.
The National Flood Insurance Program (NFIP)guarantees the availability of insurance in specific areas. However, homeowners now have alternative choices when purchasing flood insurance. New changes in flood insurance rules now enable us to work with clients to choose their own coverage provider and bypass the artificially low coverage limits offered by National Flood Insurance Program (NFIP) policies. You can supplement your coverage or replace your policy altogether, depending on your needs, to protect your home.
Mortgage Lender Requirements
Mortgage lenders require flood insurance if your home is located in a designated high risk area for flooding, based on topological studies of the region. These studies are updated each year. Associate Agent Pamela Lewis Plewis@Crilly.com is our Flood Insurance Expert. Give Pam a call at 410-956-1111 if you have questions about your policy. You can also go to the FEMA flood map to research the risk of your property location.
Flood Insurance for Your Home Not Included in Your Homeowner’s Policy
Your homeowner’s policy does not include flooding protection, so even if flood insurance is not required, you may wish to purchase this additional insurance to protect your home or business. The risk of flooding can change, so it is important to check the FEMA flood map each year to determine your risk, particularly if you do not currently have flood insurance. At Peter B. Crilly & Associates, located in Annapolis and Edgewater, we like to keep our clients informed. Like our facebook page, to learn the latest news about protecting your home, auto, family, and future.