Hurricane season hits the Atlantic June 1 through Nov. 30. Are you ready if one makes landfall?
According to the National Oceanic and Atmospheric Administration, 2017 is forecast to be more lively than historical averages, with 11 to 17 named storms (including Tropical Storm Arlene that already blew through in April), five to nine of which would become hurricanes and two to four of which would become major hurricanes.
We at Coastal Carolinas Association of REALTORS® (CCAR) want area home buyers and REALTORS® to be as hurricane-prepared as possible, which is why we offer a wealth of resources, experience and advice online. At the top of the hurricane prep list in the real estate industry – especially here in our coastal floodplain – is the vital necessity of purchasing flood insurance. Make this your reminder.
A toolkit of up-to-date brochures, webinars, links, flood zone maps and more are all available on our site HERE, including educational pages on the National Flood Insurance Program and FEMA relief reforms.
“We want our community of homeowners and home buyers, as well as our membership of REALTORS®, to be aware of the crucial importance of flood insurance to protect their home, their family and their precious valuables,” says Laura Crowther, CEO of CCAR, “It especially needs to be top-of-mind after such a devastating year last year with Hurricane Matthew.”
According to Lisa Sharrard Jones, a Certified Floodplain Manager and principal owner of U.S. Flood Solutions, who recently shared a webinar with CCAR, a few of the most critical tips to consider are:
- Buy a flood insurance policy now. It takes 30 days for a policy to go into effect – and hurricanes can’t be scheduled. “And Mother Nature doesn’t read a flood zone map,” says Jones. In fact, she adds that flood zone maps in Horry County are due to be updated next year.
- Foregoing the purchase of a flood insurance policy is not an option. It’s not only putting you and your property at risk now, but could also drastically affect your home’s resale value. Varying affordable deductibles are available out there to lower a homeowner’s premium. Not having a flood insurance policy in place could be even more costly.
- And all real estate agents need to do their homework on flood zones and flood insurance. To be an expert in these facets of their field can, essentially, make a difference in their clients’ lives. Jones tells the unfortunate tale of one client who was just informed by her real estate agent last week, after closing on March 30, that her premium was increasing quite considerably. That’s not a surprise you want to pay for; especially if your budget is maxed out.
Click HERE to educate, inform and be hurricane prepared.