Flood insurance is a fundamental necessity if your property is located in a flood-prone area. As we discussed in previous blogs, a standard homeowner policy does not include damages caused by flooding, so you are required to have one if you live in a high-risk area. The elevation certificate is an important factor when it […]
Category: flood re-zone
Are You Overpaying for Flood Insurance?
What you pay for flood insurance has a lot to do with the risk of flooding associated with your property. But, is it possible that you are overpaying your premium? What can you do if your policy and quote are full of technical errors? Or worse yet, your property’s flood zone is incorrectly classified? Contact […]
Flood Insurance Remains in Washington’s Back Burner
When was the last time you saw the news? While some people are information junkies, others are so jaded with the current political climate, it’s just easier to ignore it all and go on about your lives. And that’s fine, except when what’s going on in Washington may affect you personally. A few months ago, […]
How FEMA’s Proposed Changes Will Cost You
Back in April, we posted a blog explaining what are FEMA’s Flood Insurance Rate Maps (FIRM). In a nutshell, FIRM are maps that are redesigned every couple of years, to reflect recent environmental changes that may have affected a specific area’s flood probabilities. This means that it is entirely possible to go from having your […]
FEMA’s National Flood Insurance Program is in Deep Water
How much money do you spend on flood insurance each year? If a natural disaster were to hit your hometown tomorrow, do you know what would be covered? Or are you making monthly payments only because your mortgage lender required you to carry coverage before approving your loan? It’s imperative to know whether you’re at […]