5 Best Private Flood Insurance Companies
Flood insurance is often an afterthought, or an option waved off by homeowners when purchasing insurance coverage for their home. However, every year, the National Flood Insurance Program (NFIP) pays nearly 25% of its claims on properties in low risk areas. Nature is often unpredictable, [...]
Flood Insurance Rules and Changes for 2020
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 the National Flood [...]
Who are Chubb’s Home Insurance Competitors?
Well-known national insurers dominate the home insurance market but specialty insurers that cover high-value homes service a segment of the market that broad-market insurers often can’t address properly. Chubb is among the largest of these high-value home insurers and with a history dating back to [...]
High-Net-Worth Home Insurance – What You Need to Know
With over 5 million high-net-worth individuals and families in the US, specialty insurers have taken notice, bringing a suite of specialized products like high-net-worth homeowners insurance and a bevy of associated coverages, like excess liability coverage to extend liability limits into the millions.
Do you Need Private Client Insurance?
For those who have few or commonly held assets, shopping around for mass-market insurance and finding the lowest price for good coverage is all that is needed. But for those with more or unique assets, it’s more complicated. Mass-market insurers usually limit the amount of [...]
High-Net-Worth Insurance.
High-net worth and ultra-high net worth individuals are one of the fastest-growing insurance markets in the United States today. According to a Statista study in 2015, there were 4.78 million high-net-worth individuals. With more than $1 million in combined assets (or $30 million, in the [...]
Mortgage Lenders Required to Accept Private Flood Insurance Coverage
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 through the National Flood Insurance Program (NFIP) [...]
How to Cancel a NFIP Flood Insurance Policy
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 Private Flood Insurance Provider. If certain conditions [...]
Coastal Insurance Solutions’ Chief Executive David W. Clausen Wins IBA’s Top Producer Award
LONG ISLAND, N.Y. (PRWEB) APRIL 22, 2019David W. Clausen, CEO of Coastal Insurance Solutions was named one of the Top Producers by Insurance Business America - an award that honors the highest-performing insurance professionals from across the country.Clausen was one of 65 professionals presented with the Top Producer [...]
How Much Does it Cost to Insure a Multimillion-Dollar Home?
Insurance rates for luxury homes can vary widely across the nation. Across the U.S., homeowners insurance rates can range between $0.03 per $100 of insured value all the way up to $0.95 per $100
Flood Insurance Rules and Changes for 2019
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 the National [...]
Private Flood Insurance – A Complete Guide for Homeowners
Private Flood Insurance - A Complete Guide for Homeowners 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 [...]