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Rules for Flood Insurance
When hurricanes strike, rivers overflow or rain keeps falling, flooding happens. The federal government created the National Flood Insurance Program (NFIP) to provide homeowners with flood insurance at...
View ArticleWhat Determines If You Have to Pay Flood Insurance?
If you have a homeowners’ policy, chances are it doesn’t account for damage caused by a flood. Most home insurance policies don’t offer the coverage. To get flood insurance, you must do so through the...
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Is Flood Insurance Necessary?
Flooding from a hurricane, a rising river or too much runoff into a stream during a heavy downpour can result in thousands of dollars in damage. Repeated flooding also causes erosion that has long-term...
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Flood Insurance Help
A home is a significant investment, and homeowner's insurance is one way to protect that investment. However, standard homeowner's insurance policies may be lacking in certain areas, particularly in...
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How Do I Contest Flood Insurance Rate Maps?
Ordinary homeowner's insurance doesn't cover flood damage. For that, homeowners in flood zones turn to the National Flood Insurance Program (NFIP), which protects owners from the costs of flooding....
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How Do I Get Flood Insurance?
Even the most extensive homeowner's insurance coverage doesn't protect you from flood damage. For that you need flood insurance, which most homeowners buy from the federal government's National Flood...
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How Do I Qualify for Flood Insurance?
Anywhere that there's rain, there's the potential for a flood. Even areas that have never experienced a flood before may become vulnerable as new development alters the drainage patterns and covers the...
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What Types of Losses Does Flood Insurance Protect Against?
Flood insurance is a special type of homeowner's insurance designed to shield homeowners from the financial devastation of flood damage to their home. People commonly think that flood insurance covers...
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Flood Insurance Resources
According to the California Department of Insurance, "flooding is the nation's number one natural disaster," yet homeowners and renters insurance policies don't cover flood damage. In most cases, notes...
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Will Flood Insurance Cover Storm Surge Damage?
A storm surge is defined by the National Hurricane Center (NHC) as an abnormal rise in water caused by a storm. If storm surge occurs during high tide, it can create a tide 20 feet higher than usual....
View ArticleWhat Does Flood Insurance Protect?
The Federal Emergency Management Agency (FEMA) ranks flooding as the No. 1 natural hazard in the U.S., with 25 percent of flooding coming outside of areas considered high-risk. Regular homeowner's...
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How to Obtain Flood Insurance
When you purchase or refinance a home in a flood plain, the bank will require that you obtain a flood insurance policy. The policy must be maintained for the life of the loan, under federal...
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Flood Insurance Guidelines
If you are obtaining a mortgage on a property that lies within a flood zone, the bank is required by law to call for flood insurance before making the loan. This type of insurance can be both complex...
View ArticleInformation on Saving on Flood Insurance
If your home stands in a designated special flood hazard zone, your bank must require that you maintain an appropriate flood insurance policy. As most homeowner's insurance policies do not cover...
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Facts About Flood Insurance
Hundreds of communities throughout California, including the city and county of San Francisco, participate in the National Flood Insurance Program. Created by Congress in 1968, the program makes flood...
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How to Determine the Flood Insurance Rate of Your Home
Over the past decade, the average flood insurance claim amounted to $33,000, the National Flood Insurance Program states. Homeowners insurance doesn't include flood coverage, so if your property is at...
View ArticleFlood Insurance: The Criteria for Getting It
A standard homeowners policy does not account for some natural disasters, including floods, that can damage or destroy a home. For homeowners who want protection from flooding, their only option is to...
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Can I Buy Flood Insurance if the Structure Is Not in a Designated Flood Zone?
Many homeowners and renters unfortunately face a number of environmental risks, including flooding. Historically, private insurance companies hesitate to provide homeowner and renter insurance against...
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Can a Mortgage Company Add on Flood Insurance?
Home buyers using mortgage loans to purchase their homes sometimes don't realize their lenders can require certain types of insurance, if needed. For example, you might own a mortgaged home your lender...
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Can Your Mortgage Company Force You Into Buying Flood Insurance?
Your mortgage company can force you to buy flood insurance when two primary conditions exist. First, your lender is federally regulated or insured, which includes most American mortgage lenders....
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