Live Insurance News

Canadians wrongly feel they have flood insurance with their homeowners policies

February 26, 2016February 24, 2016 Julie Campbell

A recent study has found that 65 percent of people in that country believe they have protection they don’t. A recent survey conducted by Square One has determined that among the 1,500 Canadian participants, 65 percent erroneously believed that they had flood insurance included within their homeowners policies. This misconception about the coverage was more common in some provinces than it was in others. For instance, homeowners insurance customers living in Manitoba were the most likely to think they were protected against overland flooding. Equally, those in Saskatchewan were the…

Record number of homeowners purchase flood insurance in California

February 25, 2016February 24, 2016 Nordstrom

FEMA reports that more flood policies have been sold through NFIP this year The number of homeowners in California that have purchased flood insurance coverage has grown significantly, according to the Federal Emergency Management Agency (FEMA). This is due to worry concerning El Nino, which may result in several powerful storms in California. Heavy rainfall in the state may be good news for some, as California has been suffering from a severe drought, but this rainfall comes with the risk of flood disasters in several parts of the state. Worries…

Missouri homeowners are being encouraged to purchase flood insurance coverage

February 8, 2016February 7, 2016 S.Vagus

Consumers and businesses alike are being urged to acquire flood insurance Missouri homeowners, business owners, and renters are being encouraged to purchase flood insurance coverage, even if their properties are not located in risk-prone areas. Floods have caused significant damage in the past due to heavy rainfall and powerful storms. In Missouri, those without flood protection are being urged to acquire coverage in order to adequately protect themselves and their properties. Typically, however, the only place for people to find coverage is through the National Flood Insurance Program. Agencies in…

National Flood Insurance Program provides homeowners with helpful tips

January 4, 2016January 3, 2016 G. Turner

In response to the flooding in Illinois and Missouri, the NFIP has offered advice with regards to what can be done. The National Flood Insurance Program has recently responded to the damaging flooding in Illinois and Missouri and, as a part of this effort, it has issued a list of tips to people who have been affected by the rising waters in order to provide them with recommendations with regards to what they should be doing both during and after the floods. Officials from NFIP want to improve education about…

Flood insurance payouts headed to some Sandy victims

November 3, 2015November 1, 2015 H. Cutner

Homeowners flood Insurance hurricane sandy damage

People who showed that they were not adequately compensate after the super-storm are receiving some validation. Following the flood insurance claims from Superstorm Sandy, thousands of homeowners complained that they were not receiving adequate compensation from the federal coverage program, but that is about to change. The National Flood Insurance Program (NFIP) will be issuing payments to many of those property owners. It is now three years after the storm slammed its way across the eastern seaboard and the flood insurance review that was launched in the spring by the…

Flooding from Hurricane Patricia in Texas could bring billions in claims

October 28, 2015October 26, 2015 Julie Campbell

The strongest storm of its nature ever to hit the Western Hemisphere is also bringing flooding back to the state. Even though the storm didn’t cause the type of catastrophe that may have been expected from Hurricane Patricia, the worst storm of that nature that has ever been seen by the Western Hemisphere, this doesn’t mean that it won’t be leaving devastation in its trail now that it has been downgraded to a tropical depression. The largest cities in Mexico may have been spared but Texas could see billions of…

Agents see surge in interest regarding flood insurance

June 29, 2015June 27, 2015 S.Vagus

Consumers are becoming more interested in flood protection Agents are making note of a surge in flood insurance sales as homeowners seek protection from disastrous events. Recent storms have caused floods in several parts of the country, and many people affected by these disasters have learned that their homeowners insurance policies do not offer the protection they need. Most typical homeowners policies do not offer flood protection, which can only be found through the National Flood Insurance Program, managed by the Federal Emergency Management Agency. Homeowners may be too slow…