BCCA

Beaver Creek
Community Association

FLOOD INSURANCE

Are you without flood insurance and would like to get it? Do you currently have flood insurance, but your rates are very expensive? Did your homeowners’ policy insurance company cancel your flood insurance portion? Do you live in an area where run off coming from mesas and ridges and old washes are overflowing, and you are looking for insurance coverage? According to Brian Cosson, CFM, NFIP State Coordinator for the Arizona Department of Water Resources, “everyone is eligible to purchase flood insurance regardless of the age of the structure, because Yavapai County is in good standing with the National Flood Insurance Program (NFIP). Any structure that was permitted before August 19, 1985 is considered preFlood Insurance Rate Map (FIRM) and is eligible for preFIRM rates. PreFIRM rates are approximately $400 per $100,000 in coverage. If the depth of flooding in an area is ‘only’ two (2) feet deep or so, an owner may only need $50,000 in structural coverage to cover the cost of carpet, drywall, cabinets, etc. The owner can also purchase contents insurance, which will increase the amount of the premium. Insurance can be obtained by contacting any insurance agent or by calling the National Flood Insurance Program at (800) 638-6620.”

Regarding the runoff areas Mr. Cosson states, “If the structure is located outside a Special Flood Hazard Area, the owner will most likely be eligible for the preferred risk policy, which can be as low as $250 a year.” Contact you insurance agency, then NFIP, to compare prices.

If you do not have insurance and would like to get it, contact a local agent AND the NFIP at the number above and compare prices. If you currently have insurance, contact your agent for the amount you are now paying, then call NFIP for their rate for the same coverage. You may get a better rate through NFIP. If your homeowners’ policy insurance company has dropped your flood insurance, contact another local agency, then contact NFIP and compare prices.

Visit this site www.floodsmart.gov to obtain more information on flooding insurance.

There are choices available. Take advantage of that fact and contact your sources to compare for the best price.