Flood insurance is a complex product and it has undergone several major changes in the last five years. Additionally, insurance agents in Oregon are not required to do continuing education on flood insurance. Because of all this, some insurance agents have not followed the major legislative changes that have occurred. This has resulted in mistakes on people's flood policies; mistakes that often mean homeowners are left paying more than they should. (And because flood insurance is complex, you may not even realize a mistake occurred!) For example, some property owners are paying more than they should because their insurance agent has mistakenly rated the home as being a rental or secondary home, rather than a “primary residence.” Something as simple as that can add $225 hundred dollars to your bill each a year. Insurance agents may also put the wrong Flood Zone on the form, which means they get charged a higher insurance rate; other times, homeowners are actually paying for more personal property (contents) coverage than they need.
The point is you may want to seek out advice from an insurance agent who is well-qualified in flood insurance, as opposed to a general insurance agent. For tips on how to find an insurance agent well-qualified in flood insurance, see Find the right flood insurance agent.