Here comes Hurricane Season June 1st For many this date signifies the true beginning of summer or a long-awaited vacation. However, for Florida residents, this date has a more ominous significance. June 1st marks the beginning of Hurricane season. It is always a good idea to be prepared long before a Hurricane hits shore. After…
Flood Insurance Options are Available for Homeowners
Insurance companies are getting very creative in providing Flood Insurance options. Initially offered through FEMA and WYO (Write-Your-Own) Carriers, the Flood Insurance marketplace has exploded and is littered with private market carriers offering everything from consumer facing web-based quoting portals to Flood Insurance endorsements added directly to Homeowner’s Insurance Policies. Stay up to date with the options available to you.
Floods are the nation’s most common and costly natural disaster and cause millions of dollars in damage every year.
Flood insurance can be the difference between recovering and being financially devastated. The damage from just one inch of water can cost more than $20,000.
NFIP vs. Private Flood Insurance
There have been a large number of inquiries recently regarding the differences between the National Flood Insurance Program (NFIP) and the various private flood Insurance options that have surfaced as of late. After the announcement of the Biggert-Waters Flood Insurance Reform Act of 2012, an assortment of different private insurance companies began to enter the…