The United States Government
has remapped the areas defined as
"Flood Zones" and your home or
business (or both) may now be within one
of these zones!
If your property has been
re-classified as now being within one of
these zones, and there is a mortgage on
it, your lender will notify you of your
obligation to get the appropriate
insurance coverage.
Did you know that:
90% of damage caused by natural
disasters is from flooding?
There is a 26% greater chance
of properties in a Special
Flood Hazard Area being
damaged by Flood than by Fire
during the life of a 30 year
mortgage?
Over 1/3 of all flood losses
occur OUTSIDE of
Special Flood Hazard Areas?
Approximately 15% of properties
in the United States are in a
Special Flood Hazard Area, and
75% of those are not insured
for flood?
In all of the flooding which
has occurred during the last
two years, morethan
90% of damaged residential
and commercial properties were
not insured for flood?
More than 27% of all insurance
agent Errors and Omissions
Claims have resulted from the
agent's failure to offer flood
insurance?
The Federal Government intends
to increase their flood
insurance policy count by a
minimum of 20% by 1996?
To find out if your property is in a
Special Flood Hazard Area, call your
lender. For the best possible flood
insurance coverage, please contact us
at:
Hibernia Mitchell
Insurance Services
Telephone: 800.777.6369
Fax: 925.939.0809
Email: info@hminsure.com P.O. Box 8061, Walnut Creek, CA
94596-8061
These are
flood-related links collected by our
staff. If you know of others we should
have here, please let us know at info@hminsure.com
