Now that February is coming to an end and spring is right around the corner, we want to remind everybody to seriously think about the need for Flood Insurance. We are reminding people about this now because if you feel you need the protection of a flood policy, it takes 30 days after purchase for the policy to take effect. For lots of areas west of the Cascades, spring can be the most destructive time of year with the combination of warmer temperatures, rain, and melting snow in the mountains. If you have a home, a second home, or business that has any potential for flood damage, contact us. We will help you review the cost and coverages that could be available.
Keep in mind that just one inch of flood water in a building can be very costly. A flood policy for a home typically costs anywhere from $250 to $350 a year. Compare that cost to relying on Federal disaster assistance, which is a loan. For a $50,000 loan from the Feds with a 4% interest charge, the monthly payment is around $240 a month for 30 years. So be prepared, contact us with any questions you may have, we will be glad to help you.