Flood Insurance
Flood-related damage can be expensive — that’s why flood insurance is important. Flood insurance is required for any home located in a Special Flood Hazard Area. The Federal Emergency Management Agency (FEMA) determines where the Special Flood Hazard Areas are. Then, we find out if your property is in one. If it is, we’ll let you know so you can purchase a flood insurance policy. If your house isn’t in a Special Flood Hazard Area and you want to get flood insurance anyways, you can buy it through your insurance provider.
It covers damage to your home from flooding. It's only required if your home is in a Special Flood Hazard Area, which is determined by the Federal Emerg...
Fri, 23 Jun, 2023 at 3:37 PM
FEMA determines where the Special Flood Hazard Areas are. We'll find out if your house is in one. If it is, we'll let you know you need to have floo...
Tue, 18 Jul, 2023 at 4:21 PM
Yes. However, it can't be paid out of your escrow account like it would if it was required. When you purchase it voluntarily, you'll pay the premium...
Mon, 26 Jun, 2023 at 8:24 AM
Your flood insurance coverage has to be at least equal to the lowest of these options: 100% of the estimated replacement cost value for your property ...
Mon, 26 Jun, 2023 at 8:24 AM
A copy of the declarations page of your insurance policy, which is usually the first page. It tells the amount of coverage for your home and gives us the de...
Mon, 26 Jun, 2023 at 8:25 AM
We'll contact you if you don't have enough coverage. If you don't increase your coverage, we'll purchase a lender-placed insurance policy fo...
Mon, 26 Jun, 2023 at 8:25 AM
We either didn't receive proof of insurance or you don't have enough coverage. If you don't have enough coverage, the lender-placed insurance po...
Mon, 26 Jun, 2023 at 8:26 AM
If you're required to have flood insurance, we'll add the cost to your monthly mortgage payment. We'll keep the funds in an escrow account for y...
Mon, 26 Jun, 2023 at 8:26 AM
If you're no longer in one, we'll let you know so you can call your insurance company and cancel your flood insurance policy. Can't find w...
Mon, 26 Jun, 2023 at 8:28 AM
You can visit these websites: FloodSmart* FEMA* *By clicking on this link, you are leaving a Republic Bank website and will be going to a website operat...
Mon, 26 Jun, 2023 at 8:30 AM