flood insurance Archives

Recently, FEMA rolled out Risk Rating 2.0 and the rollout has been quite shocking for many Florida residents. Risk Rating 2.0 is a methodology used to accurately charge for flood insurance based upon a property’s own unique flood risks. Prior to Risk Rating 2.0 flood insurance rates were largely determined...

On a standard home insurance policy written on an HO3 form in the state of Florida, there is a section of the policy for other structures. This is commonly noted as coverage B on your declarations page. Some carriers will automatically provide you with 10% of your dwelling coverage for...

I recently had a customer reach out to me from a region of Florida that is prone to flooding. They had several days of rain and the water began to pool in the yard and then onto their back porch and then into the home. They were reaching out to...

Did you know that a federal flood insurance policy offers maximum dwelling coverage of $250,000? Moreover, the maximum amount of personal property coverage on a federal flood insurance policy is $100,000. So what are you to do if you need $500,000 in dwelling coverage or $200,000 in personal property coverage? ...

Did you know that the number one natural disaster in the US according to FEMA is flooding? In fact, annual flood damage has been averaging close to $10B per year. Here’s a stat that will boggle your mind. Over the course of a 30 year mortgage, you have a one...

Today we’re diving into a standard homeowners insurance policy to see what it says about storm surge. More specifically, we’re answering the question as to whether hurricane coverage would cover storm surge if the storm surge is caused by a hurricane. The short answer is …… it’s not covered. A...

flood insurance

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