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Flood Insurance
HOW DO I OBTAIN FLOOD INSURANCE?*
Flood Insurance rates and premiums are standard
no matter who you obtain coverage from, so one call can get you the
flood insurance you need without having to shop around! You can call
on any of the New York Mortgage Brokers at Gefen Financial to guide
you to one of our affiliate professionals.
WHAT IS A FLOOD?
A flood is defined as a general and temporary condition of partial or
complete inundation of two or more acres of normally dry land area
or of two or more properties (at least one of which is your property)
from overflow of inland or tidal waters, from unusual and rapid
accumulation or runoff of surface waters from any source, or from
mudflow.
Dangerous or damaging floods don’t always mean dramatic, rushing
waters through the streets of your hometown. Just a single inch of
water can cause costly damage to your home!
WHAT IS FLOOD INSURANCE? ISN’T FLOOD DAMAGE
COVERED BY HOMEOWNER’S INSURANCE?
Flood insurance covers losses to your property caused by flooding.
From structural and mechanical damage to flood debris cleanup and
floor surfaces (like tile and carpeting), your investment is protected
by a flood insurance policy, something that your homeowner’s policy
does not offer.
AM I REQUIRED TO OBTAIN FLOOD INSURANCE?
The Flood Disaster Protection Act of 1973 requires that lenders on
all loans made on properties in special flood hazard areas ensure
that the borrower obtains and maintains flood insurance. If your
property does not fall within a special flood hazard area but you
still would like to obtain flood insurance, you may do so by calling
the number provided. As a Staten Island Mortgage Broker we are on
the forefront of cutting edge technology which allows us rapid turn time
in determining whether a property is in a flood zone or not.
WHERE CAN I GET MORE INFORMATION ON FLOOD INSURANCE?
For more information regarding flood determination, flood zones,
and flood insurance, visit the Federal Emergency Management
Agency website at www.fema.gov or the National Flood Insurance
Program website at www.floodsmart.gov.
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For Further
Information and to get the ball rolling please call 718-983-9272
extension 11.
Ask for dovid@gefenfinancial.com .
Registered mortgage
brokers nys dept. of banking loans arranged through
third party providers
2164 victory
blvd si ny 10314
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