Your homeowner’s insurance policy has limited coverage, especially when it comes to flooding. In fact, all homeowners insurance policies come with zero coverage for flood damage, which is why anyone who needs this type of insurance can purchase it separately. The...
What is a flood? A flood is a surplus of mud or water on land that's usually dry. According to the NFIP, floods are a temporary and general condition of complete or partial inundation of 2 or more acres of (usually) dry land area, or of at least 2 properties (of...
Every year, especially in late spring and early summer, people start asking themselves if they should really get flood insurance or just forget about it. As you can see, it's not only the homes on the coast that are affected by hurricanes, but inland flooding...
Suffolk Flood InsuranceA lot of people in Suffolk County NY may be inclined to say that getting flood insurance is a waste of money, but the truth is that the risk of floods in low lying areas surrounded by water is very high. Therefore, people who live in such...
Five South Shore villages and the Town of Babylon - home to a total of 213,000 people - have banned open foundations on elevated homes in certain areas where thousands of residences were damaged in superstorm Sandy. Esposito has an ally in Heather Horstmann of...
Sweeping Flood Insurance Changes It seems these days I'm writing an email every few days on the "upcoming flood changes". I can understand why the public, and many insurance professionals, are having an issue keeping up- because it's changing almost weekly! What we...
1.) I’m too close to the water for flood insurance! I hear this one all the time. “Can I even get flood insurance on this home? It’s so close to the water!” The answer is yes! The concern is not the distance to tidal water; it’s the height of the structure above...
Changes to Flood Insurance (Suffolk County NY) Under the Homeowner Flood Insurance Affordability Act of 2014, which became law in March, the NFIP is currently undergoing changes that will affect flood insurance policies across Long Island, says David W. Clausen of...
The Grimm/Waters Homeowner Flood Insurance Affordability Act of 2014 was signed by President Obama on March 21st. 2014. This law repeals and modifies certain provisions of the Biggert-Waters Flood Insurance Act of 2012. Here are the important changes: The sale of...
