FEMA Flood Maps Flooding is the number one natural disaster we face in the U.S. All it takes is a few inches of water to cause catastrophic damage to your property. You could see your financial future destroyed with the flood floodwaters. We have had clients tell us they wish they had bought the flood insurance before it happened to them. Many had to take on second jobs, forgo retirement or in the…Read More
Flood Insurance Cost Calculator A question we often get asked is how much is flood insurance? It can be hard to calculate the cost of flood insurance. Because to some degree, it depends on where the structure is located. The government policy, which is written by the National Flood Insurance Program (NFIP) has a policy that is heavily subsidized and can be as little as $500 a year in most areas. "…Read More
What are my Private Flood Insurance options? Cost of private flood insurance vs NFIP https://www.youtube.com/watch?v=DK9u1IfpPUM This is such a great question and we hear all the time what are the flood insurance options? Many people believe that the Government flood insurance policy administered through FEMA also called the NFIP is the only option and that was true for 50-years when the NFIP had …Read More
Quick Guide to RCBAP, Master Condo Flood insurance policy, and personal unit owners flood policies. What is the difference between an RCBAP and a unit flood insurance policy? What is an RCBAP? What is a High-Risk flood zone? Why is my lender requiring the purchase of flood insurance? What is a condominium master flood Insurance policy? Does the condominium master flood policy cover any improvement…Read More
------------ Question fro KY client April - Jan7, 2019----------- --what things can help get the premium cheaper than this? Hi, April that is a great question, Typically the private flood market and Lloyds of London flood Insurance is much less than the Federal program the NFIP sometimes 50% less. However, as you have seen in your state there are few private flood insurance option (Superior Flood …Read More
The price tag of flood damage in the United States hit an astounding $8.4 billion in 2011. 2016 saw the most floods in the United States on record. While you may think flood insurance isn't all that important, it is absolutely crucial. If you live somewhere where it rains, you are susceptible to floods. Flooding can also occur from leaky pipes and other plumbing issues. However, this is not consid…Read More
America weathers a lot of rain. Some years see up to 58 feet. The rainy season for the Midwest folds right into hurricane season and then California takes over (think: El Nino). As there's no real dry season that spans America, there's no time off for flood remediation. With a $30 billion and growing debt, the National Flood Insurance Program (NFIP) isn't equipped to handle the constant threat of …Read More
In 2017, the extensive flooding in Houston caused by Hurrican Harvey cost $125 billion in damage. More than 40% of the business that was flooded will never recover and close their business and dreams. As the sea-level rises with climate change, flooding is a major risk for businesses. If you own a business, a flood can damage your infrastructure, your inventory, and your ability to operate in an i…Read More
What is my BFE? In this blog, we are taking a real conversation with a client in order to make this information available to our community that has to purchase flood insurance or are curious about flood insurance. Please note that many insurances do not really understand flood insurance and most avoid it if they can. This is why we exist we are experts in this complicated insurance and are here to…Read More
In June 2008, 11 million people were affected by flooding across the Midwest. That number represents the most people ever affected by a natural disaster in US history. Flooding is one of the most common natural disasters in the US. And they're becoming more frequent than ever before. With this increased risk, it's time for homeowners to seriously consider whether the costs of flood insurance outwe…Read More
