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  1. FEMA Risk Rating 2.0 & Fees for Flood Insurance Policies

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    If you have a flood insurance policy through the National Flood Insurance Program (NFIP), you are used to paying all sorts of fees in addition to your premium. FEMA is making sweeping changes to the NFIP, but they aren’t sweeping away fees and surcharges. Fees for Flood Insurance Each policy issued by the NFIP comes with a serious case of fees. The Federal Policy Fee is set by FEMA and can chang…Read More

  2. Risk Rating 2.0 Changes to Coverage Limits

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    Big changes are coming to the National Flood Insurance Program (NFIP) with the implementation of FEMA Risk Rating 2.0. Will there be changes to the coverage limits? The answer is No and Yes. That’s because nothing is ever simple regarding flood insurance or government programs. And when you combine the two? Yowzah!  Here’s how FEMA 2.0 affects coverage limits.  New Maximum Limits The new max…Read More

  3. What Policies And Programs Does FEMA 2.0 Wash Away?

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    Like floodwaters crashing down the hillside or turning a dry creek bed into a raging river, FEMA 2.0 will completely wipe away certain flood policies and programs that are a part of the National Flood Insurance Program. What does this mean for you? Well, if you aren’t affected, it means nothing (except as a taxpayer, your money might be used a little more wisely). You’re like the homeowner tha…Read More

  4. FEMA Risk Rating 2.0 – What’s Changing with National Flood Insurance and Why You Should Care

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    It’s been a long time coming, but reform to the National Flood Insurance Program (NFIP) is on the way. It looks like the government is following the lead of private flood insurers and making some changes to the way they rate flood policies. That’s a good thing. The existing NFIP is broken and broke. It consistently pays out more for losses than it takes in as premiums. The Congressional Budget…Read More

  5. Is Lloyds of London pulling out of markets like Kentucky or Ilinois? August 13, 2020

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    The following is a call I got from two of the most fantastic FEMA representatives asking if Lloyds was pulling out of the Flood insurance markets. Spoiler Alert (they are here to stay sorry FEMA). | Lloyds of London Flood insurance  | Private Flood insurance | Alternative to FEMA flood insurance. | Alternative to NFIP Hi FLOOD NERD - Robert I trust you are well, I was reading this article in th…Read More

  6. Do I need to buy flood insurance on a ground unit condo?

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    This post is from a post on bigger pockets a real estate investment site.  I worte on anwering a question about flood insruance. Flood Nerd responce to question on buying flood insurance @Aaron K. and @Claire Rosenberg all properties are in a flood zone the only differentiator with the flood zones is the "high-risk" flood zones is your lender will require flood insurance in order to get the funds…Read More

  7. Dialogue with Flood Nerd about Low-risk flood zone vs High-risk flood zone

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    Olé at Lely Resort Condo Association (LOMA) Dialogue with Flood Nerd about Low-risk flood zone vs High-risk flood zone Hello, Doris, thanks for letting us look at your property what an honor.  Beautiful condo community It is looking like you are shopping to replace an existing condo unit policy that is written with the NFIP (National Flood Insurance Program) You also noted that your condo unit i…Read More

  8. Cheap Flood Insurance

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    How to get cheap flood insurance and better coverage in 3 min Flood Insurance is probably one of the most misunderstood types of property insurance. Most insurance agents don’t understand the policies and many refuse to write flood insurance. The problem is most homeowners think that flooding is covered by their property policy. On quick review you will find out that flood insurance isn’t cove…Read More

  9. Private Flood Insurance Client in Colorado, Arvada, Wheat Ridge, Boulder and more.

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    Colorado Flood Insurance Today I got a call from a client who is looking to buy a home in Jefferson County, CO. The property is in Wheatridge, and in an area that is considered a High-risk or Special Hazard Flood Area (SHFA). Zone AE flood insurance, Colorado Zone AE doesn't mean that her new home has flooded before or will flood; it means it has a higher chance of it, and it also means that her l…Read More