Tag: homeowners flood insurance

Flood insurance wrongly applied to many homeowners in Oregon

Auto Insurance discounts

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…

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Flood insurance being encouraged in Minnesota

Flood Insurance and reinsurance

Homeowners being encouraged to purchase flood insurance policies Residents through Minnesota are being strongly encouraged to consider purchasing flood insurance for their homes. State officials have experienced the damage wrought by Hurricane Sandy in the East Coast, much of which was caused by heavy flooding in several states, and want to avoid seeing similar problems arise from the lack of adequate flood insurance coverage. The state has experienced some strong storms in recent months, which have highlighted the fact that many people throughout Minnesota lack flood insurance protection. Snowfall could…

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Homeowners insurance threatened for Scottish residents in flood-struck regions

Julie Campbell
Scotland flood homeowners insurance

People in Scotland could lose their coverage after extensive flooding hit their areas. British insurers are cautioning that thousands of people living in Scotland may suddenly find that it is impossible to purchase homeowners insurance for their properties unless the U.K. government is willing to underwrite the claims. At the moment, one in every 22 Scottish residential properties is at a flooding risk. According to data that has been released by the Scottish Environmental Protection Agency (SEPA), there are 125,000 properties in the country that could lose their ability to…

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Flood insurance applications soar on Sandy’s heels

Julie Campbell
flood insurance policies

Following the superstorm, many homeowners have been inquiring about coverage against flooding. As the claims following Superstorm Sandy continue to be managed, insurers are finding that they are being contacted by consumers for an entirely different reason, which is to learn more about flood insurance and to add the protection to their homes. The reality of the risk involved in a potential storm such as Sandy has now become more than clear. Agents and brokers alike are reporting that flood insurance is one of the top reasons that they are…

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Homeowners insurance companies urge U.K. residents to buy coverage for flooding

H. Cutner
Flood Insurance and reinsurance

Flood policies may become vital as flood alerts and warnings are issued across the country. The warnings and alerts regarding the risk of flooding across the United Kingdom has caused homeowners insurance companies to caution property owners that separate coverage for floods is required in order to protect them against rising waters from the rains that have been lashing several regions. They are being told to go over their policies and make sure that there won’t be any unwanted surprises. For those who do have flood protection added to their…

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