Some in the area could find that the premiums are simply too high to be able to afford it. According to Coast officials in Mississippi, the increases to the flood insurance rates could lead to financial disaster for some residents living in areas that are at a higher risk of flooding. Many are worried that the impact of this change will be a considerable one, and won’t just affect one or two. According to the planning director of Jackson County, Michele Coats, “I think it’s going to be huge.” Coats…
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Flood insurance policies recommended to Florida residents before hurricanes begin
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…
Read MoreLandlord insurance recommended to help protect investments in the UK
Property owners who are renting out have been advised to make sure they have coverage against floods. Experts in the landlord insurance sector of the industry are reminding the owners of rented properties in the United Kingdom about the importance of protecting their investment, particularly against perils such as flooding, which have become an increasing problem over the last few years. They are reminding these owners that a policy could make the difference between the life and death of their investments. Flooding is already becoming a growing issue in the…
Read MoreFlood insurance wrongly applied to many homeowners in Oregon
Lenders and FEMA have been charging many property owners who shouldn’t have had to pay. Every year, hundreds of homeowners in Oregon are wrongly informed that they must pay for expensive flood insurance coverage after having mistakenly fallen into an element of the states system that its coordinator feels is lacking in oversight and is in need of repairs. The coordinator of the NFIP in the state said that this has become a problem and changes are needed. The National Flood Insurance Program (NFIP) in the state is, according to…
Read MoreFlood insurance is a recommended coverage for residents of Maine
Homeowners living in the state are urged to purchase protection when they are located near a body of water. Officials in the state of Maine are now urging homeowners and business owners to think about purchasing flood insurance coverage when the structure is located near a body of water and could therefore be at risk very soon. The flooding season in the state is rapidly approaching, as the snow begins to melt and rains begin. The Maine Floodplain Management Program is reminding homeowners and business owners that the typical policies…
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