Bridge Insurance Agency &
Greaves Financial Services

Bridge Insurance Agency & Greaves Financial ServicesBridge Insurance Agency & Greaves Financial ServicesBridge Insurance Agency & Greaves Financial Services
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    • Insurance
    • Insurance Services
      • Life Insurance
      • Homeowners Insurance
      • Flood Insurance
      • Disability Insurance
      • Renters Insurance
      • Condominium Insurance
      • Co-op Insurance
      • Auto Insurance
      • Long Term Care Insurance
    • Brooklyn Covered Blog
    • Defensive Driving Classes
    • Income Tax Services
    • Client Testimonials
    • Meet Eustace

Bridge Insurance Agency &
Greaves Financial Services

Bridge Insurance Agency & Greaves Financial ServicesBridge Insurance Agency & Greaves Financial ServicesBridge Insurance Agency & Greaves Financial Services
  • Home
  • Insurance
  • Insurance Services
    • Life Insurance
    • Homeowners Insurance
    • Flood Insurance
    • Disability Insurance
    • Renters Insurance
    • Condominium Insurance
    • Co-op Insurance
    • Auto Insurance
    • Long Term Care Insurance
  • Brooklyn Covered Blog
  • Defensive Driving Classes
  • Income Tax Services
  • Client Testimonials
  • Meet Eustace

Contact Us

Getting your Flood Insurance coverage proposal is easy. Just complete the form below. We'll reach out to you quickly with the answers and information you will need to make an informed decision.

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BRIDGE INSURANCE AGENCY & GREAVES FINANCIAL SVCES

1288 Coney Island Avenue, Brooklyn, New York 11230, United States

718-783-2722


National Hurricane Center Tropical Cyclone Status Update


Flood Insurance

The most costly natural disaster is caused by flood, whether from a severe rainstorm, hurricane, or even a broken water main outside your door.
The typical homeowners insurance policy does not cover flood. The best way to repair your damaged home and personal property is with a Flood Insurance policy.


The "Cost of Flooding Tool" gives you a graphic representation of just how much damage as little as 1" of water will cost to repair. Move the slider and prepare to be shocked.


The "Hidden Risks Can Cause Flooding" video demonstrates how new development increases the risk of flooding in your community.

Find out more

What is Flood Insurance Risk Rating 2.0?

There's a new flood insurance rating system

There's a new flood insurance rating system

There's a new flood insurance rating system

  

For the first time in 50 years, the National Flood Insurance Program (NFIP) is changing how they determine flood insurance premiums.

The Legacy Rating Methodology was based on the following factors:

• •Flood Insurance Rate Map Zones •Base Flood Elevations •Foundation Types •Structural Elevations ( in Special Flood Hazard Areas only) • 

Also included in this calculation was the 1% chance of flooding, FEMA-Sourced data, and fees and surcharges.
 

Under the old system, homeowners in the same zone paid the same premium. So, the home with a replacement cost of $1,000,000 paid the same flood insurance premium as a home with a replacement cost of $500,000.
 

Not exactly a fair system. And, this system helped create an NFIP deficit of 21 billion dollars.

Risk Rating 2.0: Equity in Action

There's a new flood insurance rating system

There's a new flood insurance rating system

With Risk Rating 2.0: Equity in Action, in addition to FEMA-Sourced Data, and Fees and Surcharges, the New Pricing Methodology will include;


•Additional Data Sources from the Federal government
and commercially available third-party data 

•Each homes’ Replacement Cost

•Distance to flooding sources 

•Building Occupancy 

•Construction type 

•Foundation type 

•Ground Elevation 

•First Floor Height 

•Number of Floors 

•Prior Claims 

•Broader range of Flood frequencies 


All in all, these changes will result in a fairer, more equitable rating system.  


Video

Defining a Property's Unique Flood Characteristics


Urban Flooding Dangers


The Cost of Flooding Tool


Video

Beware Flash Floods!


Video

The Power of Owning Flood Insurance

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BRIDGE INSURANCE AGENCY & GREAVES FINANCIAL SVCES

1288 Coney Island Avenue, # 300639, Brooklyn, NY 11230

718-783-2722

Copyright © 2019 GREAVES FINANCIAL SERVICES & BRIDGE INSURANCE AGENCY - All Rights Reserved.  Updated annually.

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