Map Out Your Risk - Beware of High Hazard Flood Zones

Posted by Albert Sica on Jul 25, 2013 8:58:42 AM

Real estate is one of the most important assets one can have regardless of owning personally or as a business entity. As they say, it’s all about location, location, location – so you better know exactly what risks you are going to be exposed to when looking to purchase new property or simply evaluating your current location(s). In the aftermath of Superstorm Sandy the scrutiny of flood insurance policies is at an all-time high, particularly, in the northeast. When assessing the value of any new or current property and the insurance requirements and costs that come with it, understanding where it is in relation to local flood zones is critical.

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Topics: Flood, Flood Zone, Political Risk, Property Risk, Risk Management Blog, TCoR, Total Cost of Risk, Total Cost of Risk (TCoR)

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