Have you ever watched the news and seen city after city with flooding problems and the pictures of homes completely submerged in water? Have you stopped to think if this could happen to you?
For millions of homeowners, flooding is a very real issue. Even if you think you are fine and have nothing to worry [...]
It has been over two years since hurricane Katrina devastated Louisiana and Mississsippi. With many homes still not rebuilt, demolished or renovated, it raises the big question about flood insurance and whether or not there should be reform in the insurance industry.
In the September 2007 issue of Mortgage Banking it is reported that the [...]
With even state and national governments finding their budgets taxed by flood costs, individual property owners can’t afford to go without flood insurance. Even damage from a burst water main is likely to be considered ineligible for payments from a property policy. The government has increased efforts to warn property owners of flood risk in [...]
Normal 0 July 15, 2008
Levees in the Natomas area of Sacramento, California do not meet new Federal Flood safety standards. A Federal requirement to carry Flood Insurance for all Natomas residences and businesses is officially taking effect December 8th of this year.
Currently Natomas property owners qualify for a Preferred Risk Policy (PRP) because the [...]
1. Where do you Live?This is a rather obvious, but very important question you need to look into when you’re shopping for flood insurance. Depending on where you live, insurance policies may be more or less expensive than another location for the same amount of coverage. This means knowing how flood-prone the area you live [...]