Natomas Flood Insurance FAQs

Doesn't my homeowners policy cover flooding?

If my property is flooded, won't federal disaster assistance pay for my damages?

No. Although federal disaster assistance my offer you a loan to help cover flood damage, it is a loan that you must pay back unlike flood insurance which is compensation for damages that you never have to pay back.

Why do I need flood insurance if I live in a low-risk flood zone?

Even if you live in a low-risk zone that does not mean that you are entirely safe from flooding. In fact, 30% of the claims paid out by flood insurance actually occur in low-risk zones.

Why do I need flood insurance, my house has never flooded?

Just because your house has not flooded in the recent past, does not mean that it will not in the near future. Flooding often occurs in areas that it has not happened in before and surprises the residents who are unprepared and ultimately suffer significant financial losses because of it. It is much smarter to purchase flood insurance so that in the event that there is a flood, you will be protected from suffering such a tremendous loss.

Why do I have to buy flood insurance?

If you live in Natomas flood insurance is mandatory. When Natomas is rezoned, it will become a high-risk zone and anyone who has received a federal or federally backed loan for property in Natomas will be forced to purchase flood insurance (at the higher rate if they do not attain it prior to the rezoning at the Preferred Risk Rate)

Do I get a discount if I am in a low-to-moderate risk area?

Yes. The Preferred Risk Policy is designed for properties in low-to-moderate risk areas and the rates are substantially lower than those for properties in high-risk areas.

Can I purchase flood insurance if I don't live in a high-risk flood zone?

Yes. Not only can you purchase flood insurance in a low or moderate risk zone, but you can generally get the same coverages for a fraction of the cost!

If I shop around, will I be able to find lower rates for flood insurance elsewhere?

No. The National Flood Insurance Program (NFIP) has an arrangement with private companies to sell and service insurance policies, but NFIP sets the Natomas flood insurance rates for these policies and they are the same for all private insurance companies.

Who do I contact if I have questions about flood insurance or I want to buy a policy?

Stonecrest Insurance Services is a licensed insurance agency and any of our well qualified, licensed agents would be happy to answer any and all questions related to flood insurance or provide quotes and policies right over the phone. Receive an instant quote.

What are flood zones?

Flood Zones are areas of land that are identified by the Federal Emergency Management Agency (FEMA) according to what the risk of flooding is in that area. Every piece of property is in a flood zone, the difference between zones is whether they are low, moderate or high risk areas.

What is a Preferred Risk Policy?

A Preferred Risk Policy is a flood insurance policy that provides various combinations of coverage for both buildings and contents that are located in low-to-moderate risk areas or zones. These policies are generally a fraction of the cost of policies written in high risk areas and they still provide the same coverage.

How much is a Natomas flood insurance policy?

Our licensed agents are available to give quotes both on the internet and over the phone and would be happy to assist you with getting a quote for your particular property. Get Instant Flood Insurance Quote Now

How can I pay for my flood insurance?

We offer several different options for purchasing flood insurance through our agency. We will accept: cash, credit card, check card, check or money orders.

Will there be a waiting period before my policy takes effect?

In most cases yes. Generally there is a 30 day waiting period before a flood insurance policy becomes active. The exceptions to this rule are: If this is a renewal policy without a lapse in coverage, if this is a policy on a new loan that just closed, or if there is a map revision that changes the zone the property is in from non-Special Flood Hazard Area(low-to-moderate risk) to Special Flood Hazard Area(High Risk).

I want a flood insurance policy, how soon can I get one?

At Stonecrest Insurance Services we can give a quote and complete a policy in less than 20 minutes right over the phone.

Can my policy be transferred to someone else if I sell my house?

Yes. If you choose to sell your house and your have purchased a flood insurance policy, you can transfer it into the name of the new owner by sampling contacting your agent. The new policy owner will retain the grandfathered lower rate if you purchased your Preferred Risk policy before the rezoning to high risk has been finalized. This can give you a competitive edge in the tough housing market right now because the savings you are passing on could potentially be as much as $1000 per year. This would be an attractive added bonus to any potential home buyer.