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 &...
Purchase flood insurance to effectively protect your property against flood related hurricane damage. Zip Code: Get Started There are plenty of homeowners that learn the hard way that having a homeowner's insurance policy doesn't protect them against floods,...
On April 1st, 2015, the Homeowner Flood Insurance Affordability Act (HFIAA) made the first round of changes and only 1 year after that, more changes were to follow. The changes took place on April 1st, 2016 and they'll undoubtedly affect anyone who purchased a...
Based on information from a Global Research Program from 2009, in the past five decades the precipitation in the US has increased by about 5%. Because of the higher abundance of snow and rain in conjunction with the various changes in land usage, homeowners are...
When it comes to mortgage loans, lenders generally have a few conditions that borrowers must obey. One of those conditions is having an insurance policy on the home. Some mortgage lenders require the borrower to have flood insurance, especially if the property is...
If you own a home, it is important to understand that your home insurance policy does not cover flood damage. If you live in a flood zone and are interested in protecting your home from flood damage, you will need to get the National Flood Insurance Program...
According to the National Flood Insurance Program, the average flood insurance claim over the past decade is $33,000. Since home insurance policies don’t cover flood protection, the only way to protect your home from flooding is by getting flood insurance through...
If you own a home, your bank will require a homeowners’ insurance policy. Basically, home insurance policies; do not cover every event, like a flood. For that, you will have to purchase separate flood insurance. Flood insurance is purchased through the National...
