Maryland Flood Insurance Information - Montgomery County Area
(Montgomery County Maryland Area)
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.
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
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
insurance policy features in more detail.
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.
Flood Perils Include:
Unusual & rapid accumulation of runoff or surface
waters from any source
Overflow of inland or tidal waters
Mud slides caused by flooding
The washing away, collapse, or subsiding of land along
the shoreline due to erosion or undermining of waves or
currents exceeding the cyclical levels
Sewer backup caused by flooding
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.
The two primary types of Flood Insurance Policies are listed below.
Actual Cash Value Policy
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.
Commercial and apartment buildings will be covered only for actual
cash value.
Replacement Value Policy
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.
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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Brown Insurance Group, Inc.
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Flood Insurance for Montgomery County, Maryland Area