Tag: hurricane flood insurance

Hurricane flood insurance coverage not carried by many Matthew victims

Logan B.
hurricane flood insurance

Many of the homeowners who experienced damage from flooding don’t have the necessary coverage. Many victims of Hurricane Matthew who have never had a drop of water in their homes before are finding themselves underwater without hurricane flood insurance. Communities well inland and far from flood plains were rescued by firefighters in boats. Though the concern had been seawater driven ashore, it was rain and runoff that caused considerable flooding. Drainage ditches were overwhelmed, sending rising waters into the homes of people without hurricane flood insurance. For many of them,…

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Don’t Forget About Flood Insurance

Note From The Editor
coastal flood property insurance north carolina

The Atlantic hurricane season has arrived and that means people may need to consider ways to protect themselves. This year’s hurricane season has already been somewhat active, but no devastating storms have yet struck the U.S. This does not mean that the country is safe from such disasters, only that one hasn’t showed up yet. It is impossible to tell when or where a powerful hurricane will form, so it may be a good idea to get a better understanding of flood insurance. One of the defining aspects of hurricanes…

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Flood insurance policies recommended to Florida residents before hurricanes begin

H. Cutner
Flood Insurance

Homeowners are urged to purchase their protection ahead of potential flooding problems. Kevin McCarty, the commissioner for Florida, has released an official announcement that is urging homeowners in the state prepare for the upcoming hurricane season through the purchase of flood insurance before the storms start to arrive. The last few years have shown the weather to be fierce and unpredictable, so it is best to be prepared. Flood insurance coverage is available to business owners, homeowners, and renters through the National Flood Insurance Program (NFIP) to communities that are…

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Flood insurance in need of modernization in the US

Dan
Flood Insurance Report

Report highlights the need to modernize flood insurance The U.S. National Flood Insurance Program is archaic, according to a new report from the National Research Council of the National Academy of Sciences. The report suggests that the flood insurance program is in dire need of modernization and could benefit from better risk management practices in the future. Researchers indicate that how the program manages risks associated with properties behind flood levees is one example of how outdated the program actually is. NFIP risk management seen as outdated In improving its…

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Flood insurance payments still not received by many in Long Island

H. Cutner
flood Insurance payments time

Many homeowners have yet to obtain anything from coverage settlements after Superstorm Sandy. Thousands of people in Long Island are still waiting for the funds that they need to rebuild, as their final flood insurance settlements have yet to be made, leaving them to have to pay contractors out of their own pockets in order to complete the half finished jobs that were started after Sandy hit over three months ago. These homeowners are facing financial struggles and are becoming highly frustrated with the lack of payment. A large number…

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