Flood insurance is a must-have coverage in many areas, but some insured homes might not have enough protection. That’s where excess flood insurance comes into the picture. What is excess flood insurance and who needs it? Let’s explore the details. What is Excess...
Amidst historic flooding in California from the Atmospheric River, Coastal CEO David W. Clausen joined the team at Fox Weather to offer critical tips to homeowners on flood insurance and what homeowners should do before and after the flooding. KEY Takeaways...
When most people think of flood insurance, they think of the National Flood Insurance Program (NFIP) offered by the Federal Emergency Management Agency (FEMA). However, there is another option - private flood insurance. Private flood insurance is offered by...
The flood insurance market saw significant changes in 2021, with the two-phase rollout of Risk Rating 2.0 from the National Flood Insurance Program (NFIP) setting the stage for flood insurance rates in 2022. Most homeowners who carry flood coverage insure for flood...
4 min read. September, 29, 2021 – by David Clausen Although several new private market flood insurers have entered the market in recent years, FEMA’s National Flood Insurance Program (NFIP) still serves as the base policy for most homes insured for flooding. The...
Flood insurance rates are increasing soon for some homeowners, but there’s still time to act. Many homeowners carry flood insurance through the National Flood Insurance Program (NFIP). But private market insurers now offer an attractive choice when buying flood...
Many homeowners overlook flood insurance or opt not to include it in home insurance package. Yet, the National Flood Insurance Program (NFIP) annually settles around 25% of its claims from properties considered to be in low-risk zones. Given the unpredictability of...
FEMA’s new rules for 2020 still provide consumers with more freedom to manage their coverage and choose their preferred provider for flood insurance. A number of new changes accompany an increase in the average cost of flood insurance for consumers covered through...
Flood insurance coverage has long been a source of frustration for both insurance agents and homeowners alike, fraught with arcane rules, coverage gaps, low coverage limits, and often large deductibles. Until recently, most flood insurance policies were written...
