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19 <br /> Top Tc n Facts <br /> Every insurance agent needs to know about the National Flood insurance Program (NFIP) <br /> 1. You can sell federaliy-backed flood insurance to any resident or property owner In a community <br /> 0 Almost every that participates In the NFIP <br /> building in a it doesn't matter if the property is in the floodplain or not.Almost everyone In the community <br /> participating qualifies for flood insurance coverage and nearly every community throughout the United States <br /> community can be participates.Encourage policyholders to insure to value and to buy contents coverage. <br /> covered by flood 2. We offer an easy-to-write,low-cost flood insurance policy for people in low-to-moderate flood <br /> insurance. risk areas. <br /> C.) There is an easy • One option combines structure and contents coverage in one.it's perfect for people located in B,C, <br /> and X zones where 20-25%of all flood insurance claims occur.Annual premiums range from$112 <br /> to-write flood to$352 for homeowners,and begin at Just$500 for businesses. <br /> insurance p o I i c y • Contents-only coverage is available for renters and owners of eligible properties. <br /> for low-to-moderate <br /> flood risk areas. 3. Coverage Is available for both the structure and its contents. <br /> Single family residences can be covered for up to$250,000 on the structure and$100,000 on the <br /> • Coverage is contents, <br /> available for both • Commercial structures can be insured to a limit of$500,000 for the building and$500,000 for the <br /> structure and contents. <br /> contents. 4. Flood insurance is easy to rate with software for your personal computer. <br /> O Easy-to-use • Several companies have developed flood insurance rating software to save you time,money,and <br /> rating software is office space. <br /> available. • For a free list of rating products,access the FEMA web site at http//www.fema.gov/business/nflp/ <br /> software.shtm. <br /> • Credit cards are 5. Credit cards are accepted. <br /> accepted. • Flood insurance premiums are easier to pay using major credit cards. Check with your WYO <br /> 0 Provisional rating Company, <br /> makes closings 6. Provisional rating makes It easier for you to sell flood insurance. <br /> easier, • Provisional rating makes coverage available before the elevation certificate Is complete. <br /> fa Contact the 7. You can obtain elevation information from many sources—at little or no cost to your client. <br /> community • More than 1,000 communities participate in the NFIP's Community Rating System(CRS). They <br /> building permit maintain elevation Information on structures in A and/or V zones.Contact the local building permit <br /> office for elevation official for assistance.And,policyholders in CRS communities earn premium discounts! <br /> information. 9. NFIP policies cover many basement elements. <br /> • Basement coverage includes cleanup expense and items such as furnaces,water heaters,washers <br /> 0 N Fl P ipolicies cover and dryers,air conditioners,freezers,utility connections,and pumps. <br /> many basement • Basement coverage does not include the contents of a finished basement and improvements,such <br /> elements. as finished walls,floors,and ceilings. <br /> 0 Federal disaster 9. Uninsured flood victims will most likely have to buy flood Insurance as a condition of a <br /> loans and grants federally-backed disaster loan or grant. <br /> will require the • Federal disaster assistance declarations are awarded in less than 50%of flooding Incidents. <br /> no rc h ase of fi o o cf The annual premium for an NFIP policy is less expensive than interest on Federal disaster loans. <br /> insurance. <br /> Wouldn't it be better for your clients to be Insured before the loss occurs? <br /> 10. Buy nowl There is a 30-day waiting period. <br /> CT' Buy now! There is • If the Initial purchase of flood insurance is In connection with the making,increasing,extending or <br /> a 30-day waiting renewing of a loan,there Is no waiting period. <br /> period. • If the initial purchase of flood insurance is made during the 13-month period following the issuance <br /> of a revised flood map for a community,there is one-day waiting period. <br /> For more information,call the National Flood Insurance Program toll free at <br /> 1.800-427-0661 TIM)1-800427-5593 <br /> http://wwwfoma.gov or http://wwwfloodsmart.gov F-068(07/06) <br />