Read Our Blog

blog swanson realty

Read Our Blog


Posted: 12.28.2015

When most people hear from their Realtor or loan officer that they will be required to carry flood insurance, they will cringe and fear the worst.  

The reason for this reaction is because it's the "fear of the unknown."  Flooding happens daily around the country and will affect every State.   In fact, according to, in the past five years, all 50 states have experienced some type of flooding.  Homeowners need to understand flood insurance because all properties are at risk.  Over the course of our next few blogs, we will try and take a very complex subject and simplify it for the average home owner, Realtor, or loan officer.

First, it's important to understand that flood insurance is primarily controlled by the Federal Emergency Management Administration (FEMA) under the National Flood Insurance Program (NFIP).  The NFIP then contracts with private insurance companies to administer the program by processing policies and claims.  

The rates and underwriting guidelines are all set by the Feds. So, it really does take an act of Congress to get things changed with the flood program. 

In our next session, we will discuss the three basic flood zones and their impact on your flood insurance rates.

Stay tuned...

Contact Swanson Realty Today: 910-454-4450 | 4701-2 Southport-Supply Road, Southport, NC 28461