Ep. 32 – Flood Insurance: What It Is & What It Isn’t
Ep. 32 – Flood Insurance: What It Is & What It Isn’t
Keywords
flood zones, flood insurance, real estate, home buying, Louisiana, flood risk, insurance requirements, property value, home safety, real estate podcast
Summary
In this episode, Ben Harang and Clint C. Galliano discuss the complexities of flood zones and flood insurance, particularly in Louisiana. They clarify common misconceptions about flood zones, explain the different classifications, and highlight the importance of understanding insurance requirements when buying a home. The conversation emphasizes the need for homeowners to be informed about their flood risk and the implications of flood insurance on property ownership.
Takeaways
· Flood zones are classified into different categories based on risk.
· Many people mistakenly believe they are not in a flood zone.
· Flood insurance is often required for properties in special flood hazard zones.
· Changes in flood zone maps can surprise homeowners regarding insurance requirements.
· Understanding flood insurance can save homeowners significant costs.
· Homeowners should consult with insurance agents for accurate information.
· Flood insurance premiums can vary significantly based on flood zone classification.
· Properties in flood zones may require both homeowners and flood insurance.
· Educating oneself about flood risks is crucial for homebuyers.
· The conversation highlights the importance of being proactive about flood insurance.
Sound bites
"Everywhere is a flood zone."
"Flood insurance is a big deal."
"It's been real fun."
Chapters
00:00 Introduction to Flood Zones
02:42 Understanding Flood Zone Classifications
04:57 The Impact of New Flood Maps
07:40 Navigating Flood Insurance Policies
10:32 The LOMA Process Explained
12:58 The Importance of Insurance Education
15:54 Conclusion and Final Thoughts
Hosts
Ben Harang, REALTOR® La.
License #: 36589
Keller Williams Realty Bayou Partners
Mobile: 985.859.2500
Office: 985.262.4400
benharang.com
Clint C. Galliano, REALTOR®
La. License #: 995704723
Keller Williams Realty Bayou Partners
Mobile: 985.647.4479
Office: 985.262.4400
clintcgallianorealtor.com
Produced by Clint Galliano
Creators and Guests
Host
Ben Harang
Ben Harang brings over 30 years of experience as a licensed agent and currently works with Keller Williams Realty Bayou Partners. Ben’s experience includes single family residential sales, large land sales, subdivision development, building new construction residential and commercial projects and selling REO/Foreclosed properties.
Host
Clint C. Galliano
Clint Galliano, who’s been an agent since 2020 & an investor since 2008, also with Keller Williams Realty Bayou Partners. Clint’s experience includes residential sales, residential rentals, property management, and various avenues of investing.
