How Risk Rating 2.0 is Changing Flood Insurance Rates

How Risk Rating 2.0 is Changing Flood Insurance RatesFlood insurance has been a misunderstood sector of the insurance industry since long before its creation as a monoline product. Before the creation of the National Flood Insurance Program (NFIP) in 1968, flooding...

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The Flood Policy Assumption Process

The Flood Policy Assumption Process

Did you know that National Flood Insurance Program (NFIP) policies can be transferred from one property owner to the next? If you are selling your home let the buyer know that you have an existing NFIP policy that can be transferred to them. This process is called...

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Dispelling the Most Common Flood Myths

Dispelling the Most Common Flood Myths

Throughout many decades of working in flood insurance, our team has heard almost every myth out there surrounding this valuable coverage. We have also seen many fall victim to some of these misconceptions by opting out of flood protection and later experiencing a...

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The Flood Insurance Rating Process

The Flood Insurance Rating Process

The flood insurance market has grown substantially over the past few years, with more private carriers emerging and offering competitive premiums and additional coverage options. You might be wondering why there is a price difference among these companies and the...

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Preparing for Hurricane Season Flooding

Preparing for Hurricane Season Flooding

Hurricane season is upon us and with these storms comes the threat of flooding. Unfortunately, tropical storms can also be unpredictable and their path, intensity, and possible damages are hard to determine ahead of time. The best thing you can do if you are in a...

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Flood Insurance Options: The NFIP VS. Private Flood

Flood Insurance Options: The NFIP VS. Private Flood

When it comes to flood insurance, consumers now have more options than before. The National Flood Insurance Program (NFIP) has been the main source of flood insurance policies since the program began in 1968. There is little room for customization of NFIP coverages...

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Flood Mitigation Techniques: Big and Small

Flood Mitigation Techniques: Big and Small

You have likely seen photos of flood water damage, or heard stories from those who have been victims of a natural disaster. You may have even been through a flooding event yourself. However, you may not fully know how to protect your home from flood damage. There are...

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The 30 Day Waiting Period: Don’t Wait Until It’s Too Late

The 30 Day Waiting Period: Don’t Wait Until It’s Too Late

You have likely seen photos of flood water damage, or heard stories from those who have been victims of a natural disaster. You may have even been through a flooding event yourself. However, you may not fully know how to protect your home from flood damage. There are...

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Flood Preparation Before a Storm

Flood Preparation Before a Storm

Floods are the costliest natural disaster — more destructive than hurricanes, earthquakes, and tornadoes. Unfortunately, you cannot predict when rising water will occur, but preparation can be your best defense. Here are several tips that you can use to shield your...

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Preparing for a Flood Using Sandbags

Preparing for a Flood Using Sandbags

Even a foot of water around your home from minor flooding can cause severe damage. For those residing in flood-prone locations, sandbags may help save your property or business from flood waters. The use of sandbags is a simple and effective method to prevent or...

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Flood Coverage Gap: The Most Underinsured Risk in America

Flood Coverage Gap: The Most Underinsured Risk in America

There are currently 5.1 million flood insurance policies in America. Flood experts have estimated that if all flood-prone properties carried flood insurance, the number of flood policies would be 30 to 35 million. So, why are only 15 percent of at-risk properties...

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What Flood Insurance Does and Does Not Cover

What Flood Insurance Does and Does Not Cover

Flooding is the most common and costly natural disaster, and it can happen anywhere. Flood insurance from FEMA’s National Flood Insurance Program (NFIP) provides coverage for both your structure (Building Property coverage) and your belongings (Personal Property...

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Five Reasons Why You Should Carry Flood Insurance

Five Reasons Why You Should Carry Flood Insurance

There are very few places on earth where people need not be concerned about flooding. In the United States, flooding causes about $8 billion dollars in damages and kills about 140 people every year. Because flood insurance is not always required by mortgage lenders,...

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