Preparing your estate plan in your lifetime should be a priority. Although it’s not something many people want to think about, it is an essential task to complete before you die. Preparing an estate plan means you are able to choose who inherits your assets and all the things that you’ve worked your whole life for. Protect your loved ones by making a detailed plan with all the information they will need, and keep family drama at bay by making it clear which person will get what. Keep loved ones…
Read MoreDay: April 29, 2022
Flood insurance rate increases will affect 81 percent of policyholders
FEMA’s NFIP overhaul was intended to increase premiums primarily for larger, high-value homes. A year ago, when the Federal Emergency Management Agency overhauled the National Flood Insurance Program it expected that larger, high-value homes would see most of the rate increases. It anticipated that about 90 percent of policyholders would either keep their existing rates or would even experience a reduction in their premiums. This month, when the changes went into effect, the situation proved to be considerably different. Now that the changes in the National Flood Insurance Program (NFIP)…
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