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Maryland Flood Insurance Information
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(also northern Virginia & District of Columbia)
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Even though flood insurance is relatively inexpensive,
most homeowners do not choose to purchase the insurance protection available. According to the Federal Insurance Administration, less than one-quarter of the homes in areas most vulnerable are insured against flood loss. In those areas, flooding is 24 times more likely to occur than a fire during the course of a typical 30 year mortgage. |
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A standard homeowners insurance policy will not cover
damages caused by flooding. You must have flood insurance from an insurer that writes for the National Flood Insurance Program. If your community participates in a floodplain management program, you should be eligible to buy the coverage no matter if your flood risk is low, medium or high. Residents of "coastal barrier areas" and communities that do not participate in floodplain management programs may have trouble finding flood insurance coverage. Maryland flood insurance is also available to renters, condominium owners, and co-op owners. |
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Flood Perils Include:
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Unusual & rapid accumulation of runoff or surface
waters from any source |
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Overflow of inland or tidal waters
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Mud slides caused by flooding
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The washing away, collapse, or subsiding of land along
the shoreline due to erosion or undermining of waves or currents exceeding the cyclical levels |
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Sewer backup caused by flooding
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Outside of fire, flooding is the most widespread natural disaster.
According to the National Flood Insurance Program, two adjacent properties have to be under water to call the situation a flood. In a rural area, at least 2 acres must be submerged. |
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The two primary types of Flood Insurance Policies are listed below.
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Actual Cash Value Policy
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The value of property as figured by determining the cost to replace
the damaged or destroyed property and adjusting the replacement value by subtracting an amount that reflects depreciation. Or in other words, replacement cost minus depreciation. Homeowners are entitled to a replacement cost value if they live in their homes at least 80% of the time and have flood insurance coverage for at least 80% of their home's market value. |
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Commercial and apartment buildings will be covered only for actual
cash value. |
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Replacement Value Policy
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The amount it costs to replace or rebuild a damaged property.
Replacement cost coverage is available only for the building portion of a condominium insurance policy. Owners of single- family homes may be able to buy replacement cost coverage on the building portions of their flood insurance policies. A Maryland flood insurance replacement value policy will pay only the replacement value up to the coverage limit. For example, if rebuilding your home will cost $400,000, but you only purchased $300,000 in coverage, your insurance policy will pay you only $300,000. |
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Click on the link below to fill out a quote request form for a Maryland
Flood Insurance policy that will provide excellent personal insurance coverage at an affordable cost. Or you can speak with our Maryland Flood Insurance agent specialist at 301-933-5500 to discuss the policy features in more detail. |
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(also northern Virginia & District of Columbia)
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We are a Silver Spring, MD full-service insurance agency, offering affordable
Maryland flood insurance policy premiums to individuals and families located in the following cities and counties: Wheaton, Silver Spring, Bethesda, Aspen Hill, White Oak, Takoma Park, Randolph Hills, Veirs Mill, Kensington, Kemp Mill Estates, Rock Creek Forest, Chevy Chase, Woodmont, Garrett Park, Oakmont, Calverton, Fairland, Springbrook, Glenmont, Foxhall, Layhill, Colesville, Meadowood, Rockville, Laurel, Gaithersburg, Good Hope, College Park, Greenbelt, Montpelier, Adelphi, Langley Park, Berwyn Heights, Knollwood, Beltsville, Maryland City, Riverdale, Hyattsville, Chillum, Lewisdale, University Park, New Carrollton, Landover Hills, Bladensburg, Cheverly, Kent Village, Somerset, Chevy Chase View, Glen Mar Park, Westgate, Brookmont, Luxmanor, Montrose, Potomac, Glen Hills, Derwood, Washington Grove, North Potomac, Redland, Olney, Sandy Spring, Norwood Corner, Ashton, Ednor, Spencerville, Burtonsville, Good Hope, Fulton, Savage, Bowie, Crofton, Kettering, Forestville, District Heights, Capitol Heights, Columbia, Annapolis, Germantown, Brinklow, Brookeville, Highland, Simpsonville, Brighton, Clarksville, Laytonsville, Damascus, Dayton, Unity, Glenelg, West Friendship, Seneca, Dawsonville, Poolesville, Towson, Baltimore, Montgomery County, District of Columbia, Prince Georges County, Howard County, Anne Arundel County, and Baltimore County, MD. We also offer flood insurance services throughout the state of Maryland and northern Virginia, including Arlington, Alexandria, McLean, Falls Church, Annandale, Reston, Fairfax, Vienna, Herndon, Sterling, Leesburg, and Manassas, VA. |
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Brown Insurance Group
12118 Heritage Park Circle
Silver Spring, Maryland 20906
Montgomery County, MD
(301) 933-5500
Fax: (301) 933-6955
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Answer a few questions and
we will provide you with an insurance quote by phone or email. Choose the Maryland personal or business insurance coverage you're interested in from the menu above. |
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Brown Insurance Group, Inc.
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