Flood Insurance
The Future of Flood Insurance
The National Flood Insurance Program (NFIP) is set to expire on July 31, 2018, which is a problem for Floridians and anyone who lives in flood-prone areas. Especially since standard homeowner’s insurance policies don’t cover flood damage. What is the National Flood Insurance Program? Recognizing that most insurance policies don’t cover flood damage, the… Read More »
Preparing for Hurricane Season
Three major hurricanes struck the United States last year, and forecasters say 2018 could be another above-average season. In fact, Colorado State University recently released a preliminary seasonal forecast that predicts 14 named storms this year, including (once again) three major hurricanes. (Hurricane season officially begins June 1 and ends November 30.) With a… Read More »
Negligent Real Estate Appraisals in Florida
A real estate appraisal provides the current market value of a particular property. In other words, it determines the property’s likely market sales price. Prospective homebuyers and homeowners rely on real estate appraisals to give a reliable estimate of what a particular home is worth. Banks, too, rely on this appraisal in approving or… Read More »
Insurance Company Disputes Effective Date of Flood Insurance Policy
Almost 500,000 insurance claims have been filed in Florida because of Hurricane Irma, and only 17 percent of those claims have been closed, according to recent figures from the Florida Office of Insurance Regulation. Standard homeowner’s insurance policies don’t cover flood damage. In fact, if you were in Irma’s path, you might have sustained… Read More »
Florida Homeowners without Flood Insurance
Of the people living in Florida’s four southernmost counties, there are 1.3 million homes located in high-risk flood areas, according to data collected by the National Flood Insurance Program (NFIP). Of those 1.3 million, more than 861,000 don’t have flood insurance. The four southernmost counties are Broward, Miami-Dade, Monroe and Collier, which are home… Read More »
Trump Delays Expiration of National Flood Insurance Program
Hurricane Irma slammed into Florida in September as a Category 4 storm, bringing substantial winds to communities across the state. Irma’s winds uprooted so many trees in Palm Beach County that it could be three months before officials can remove all of the vegetation debris, according to the county Solid Waste Authority. Water damage… Read More »
