National Flood Insurance Program Archives

Flood Insurance Limits and How to Get Around Them

There are a number of things most people don’t know about flooding of flood insurance, such as flooding is the top natural disaster in the US, and that flash floods are the top weather related killer, or that 20% of all flood claims are from low and moderate risk flood zone areas (see https://wiseinsurancegroup.com/texas-floods-and-flood-insurance/). There is one other thing most people don’t know about flood insurance, and that is there are limits on how much a policy will pay on a claim.

Flood Insurance Surcharges

I’ve started receiving letters from the National Flood Insurance Program, or NFIP, for my residential clients with flood insurance policies on their homes. These letters are being sent to all flood insurance policy holders prior to their renewal as a result of the Homeowner Flood Insurance Affordability Act, or HFIAA, of 2014. The letter notifies flood insurance policyholders of a surcharge which will be added to their upcoming renewal.

Update on the Flood Insurance Reform Act of 2012

Flood insurance popped up on the national news feeds in late March of this year. The Biggert-Waters Flood Reform Act of 2012 (BW-12) went into effect in October of 2013 impacting home and business owners along coastal areas of the Gulf of Mexico and Atlantic Ocean, as well as in the Missouri River Basin (see http://50.87.248.161/~wiseinsu/flood-insurance-reform-act-of-2012/).

The Cost of the Colorado Flood to Home Owners

The people affected by the recent Colorado floods have begun the process of rebuilding their lives as the water recedes from their homes, farms, and businesses. Many were stunned to learn their losses aren’t covered by their home owner’s policy and are wrestling with the financial implications of that news. Most people don’t know that no home insurance policy cover’s flood damage, only a flood policy does that.

Flood Insurance Reform Act of 2012

In case you missed it, the Biggert-Waters Flood Reform Act of 2012 (BW-12) was passed by the U.S. Congress in July of last year. The goal of BW-12 is for the Federal Emergency Management Agency, or FEMA, and other agencies to make changes in how the National Flood Insurance Program (NFIP) is administered.

10 things you didn’t know about flooding & flood insurance

?Last Monday’s blog post was, “An introduction to flood insurance.” If you missed it, here’s the link for it http://50.87.248.161/~wiseinsu/an-introduction-to-flood-insurance/. It provides a good foundation of flood insurance. I thought I’d share some interesting tidbits of information I learned in writing that post as I always learn something in every blog I write!

Tag: National Flood Insurance Program

Flood Insurance Limits and How to Get Around Them

Flood Insurance Surcharges

Update on the Flood Insurance Reform Act of 2012

The Cost of the Colorado Flood to Home Owners

Flood Insurance Reform Act of 2012

10 things you didn’t know about flooding & flood insurance

Personal

Life

Business

Professional Liability

Follow Us

Newsletter