What factors determine my flood insurance rate? If you call and speak with an AAG Insurance professional, we will gladly explain it to you further. But, in short there are a few Flood Insurance Rating Factors:
- Base Flood Elevation
- Flood Vents
- The age of your house
Base Flood Elevation
Base Flood Elevation is the elevation that a potential flood is expected to reach. Factors include slope and geography of where your dwelling was built and is located. Elevation is a huge component as even a single foot of elevation change can be the difference between thousands of dollars in repairing damages, and avoiding those costs.
If a part of your building or structure falls onto a Flood Hazard Area, you may be required to purchase flood insurance, even if you dwelling is located significantly above the lowest point on the property.
Large water streams have ample force and pressure to remove a structure from its foundation. One factor in determining flood insurance rates in a town such as Chehalis, Spokane, or Kennewick, WA are flood vents. The purpose of a flood vent is to allow fast moving water to pass under an elevated structure, such as a building on an elevated crawl space, which reduces the pressure and lowers the risk of displacing a house from its foundation.
The Age of Your House
As with most types of catastrophe insurances, age is always a factor. Call an AAG flood insurance expert today, or click on the quote form above.