Flooding in North Carolina, South Carolina, and Tennessee caused massive damage in areas that were not typically associated with flooding issues which has led some homeowners to consider purchasing a federal flood insurance policy. Unfortunately, according to Insurify, coverage from the National Flood Insurance Program (NFIP) may not be available to everyone that would like a policy. According […]
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56% of Homeowners Thought That a Standard Policy Covers Flood Damage
13
Nov
As recent victims of Hurricanes Helene and Milton have found out, a homeowners policy comes with exemptions for flood and storm surge damage. Homeowners often don’t understand their coverages and are unaware of gaps in their coverage. According to a survey by Trusted Choice, 86% of surveyed homeowners claim they know what their home insurance […]
FEMA Extends Renewal Period for Policyholders in Florida Affected by Hurricane Milton
24
Oct
Even though renewal dates have passed for some policyholders with flood insurance through the National Flood Insurance Program, policyholders that were impacted by Hurricane Milton may be able to renew their policy without a coverage lapse and file a claim for flood damage. The NFIP has extended the renewal deadline to Dec. 10, 2024, to renew […]
2024 Hurricane Helene Rising Prices for Home and Flood Insurance
09
Oct
Hurricane Helene caused massive devastation to properties and buildings as it ripped through the Sunshine State. Unfortunately, the devastation caused by this storm hit the state after years of skyrocketing prices for both homes and flood insurance which has left households without insurance coverage or low-cost policies that offer less coverage. The increasing cost of […]
Pennsylvanians Urged to Get Ready for Flooding
15
May
According to a recent PennWatch article, Pennsylvania Acting Insurance Commissioner Michael Humphreys and Pennsylvania Emergency Management Agency (PEMA) Director Randy Padfield are urging Pennsylvania homeowners to start preparing for the flooding that may come during the springtime rainy season. Flooding is fairly common in the state due to heavy spring rains which often continue into […]
California Flooding Shows Few Homeowners Have Flood Insurance Coverage
30
Jan
Since the Christmas holiday season, a shocking 32 trillion gallons of rain and snow have fallen on California. It has washed out roads, left millions without power and led to mudslides as wildfire-charred hills cannot possibly soak up the precipitation falling from the sky. The recent storms have caused damage in 41 of California’s 58 […]
Florida Flooding In Focus on Uninsured Homeowners After Hurricane Ian
27
Oct
Hurricane Ian hit the Florida coast with sustained winds of 150 miles per hour leaving behind a path of destruction that Florida resident haven’t seen since Hurricane Michael struck the state in 2018. Millions of Floridians have been pushed out of their homes due to both flood waters and the destruction done by hurricane level […]
How to Prepare for 2022 Hurricane Season
16
May
Hurricane season is quickly approaching and be properly prepared is extremely important. Hurricanes can do shocking damage to your home and finances if your home is not prepared, and you are not carrying the correct insurance coverages. Here is a quick overview of how to prepare for hurricane season as well as how to make […]
Louisiana Could See Major Flood Insurance Increase
02
May
As Risk Rating 2.0 is implemented around the county, many homeowners will see their flood insurance premiums rise. How much they could be headed up is anyone’s guess but new data and research from the First Street Foundation nonprofit, which has developed its own flood risk models indicates that some homeowners in Louisiana could see […]