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...
Private Flood Insurance & Cancelling FEMA Flood Policy NFIP Cancellation Reason Code 26 Changes that became effective October 1st, 2018 (updated April 2019), are still in effect and provide flood insurance customers with greater freedom to choose their own...
For the new year, FEMA’s big changes from last year carry over, allowing consumers more freedom to choose their own provider for flood insurance. Details on new options are provided in the closing. For consumers choosing to keep or purchase policies provided through...
If you live in a coastal state like Florida, New York, New Jersey, Connecticut or California, you may wonder if you need flood insurance for your home. Even if flood insurance is not mandated by your mortgage company, it’s a wise investment to protect your home and...
FEMA has announced changes to the National Flood Insurance Program that can provide some welcomed relief for New York residents and flood insurance buyers elsewhere. The changes are effective October 1st, 2018 and offer a handful of new provisions, the most...
Compared to selling other types of properties, selling a property in a flood zone is always more difficult. These properties are located in areas that FEMA considers high risk due to their risk of flooding and low elevation. If a property is located in a flood zone,...
The National Flood Insurance Program has released rate changes for new & renewal policies beginning April 1st, 2017. We’ve put together some bullet points that will help you easily decipher the expected premium changes and what this means for your flood policy. ...
How effective is your homeowner’s policy in the event of a flood that damages your property? Many of those who buy homeowners insurance do it because they don't want to incur financial losses in the event their house burns down. While the chances of an individual’s...
ROCKY POINT, N.Y., May 19, 2016 /PRNewswire/ -- Based on information from the National Flood Insurance Program ALL flood insurance POLICIES are subject to new assessments and surcharges. Premiums are expected to increase 9% on average. New York, Nassau & Suffolk...
