Top 14 Questions to Ask When Buying Flood Insurance
Many people never consider buying flood insurance, thinking there’s no need for it if their home is not in a floodplain. But floods can happen anywhere, and heavy rains often cause them. If your home is flooded, without flood insurance you’ll be responsible for paying to repair the damage – and it can be expensive. … Read more
Ultimate Guide to the National Flood Insurance Program
What is the National Flood Insurance Program? The National Flood Insurance Program (NFIP) is a federal government-run program that provides insurance to homeowners and businesses against losses from flooding. The NFIP was created in 1968 and is currently run by the Federal Emergency Management Agency (FEMA). Therefore, any licensed property and casualty insurance agent can … Read more
#brokerbetter – Getting Your Mortgage Approved Faster
Learn how working with a professional broker for homeowners insurance can help loan consultants and clients get approved for mortgages faster.
Beware of Falling Trees: Learn More About Property Insurance
Many homeowners ask whether property insurance covers damage from fallen trees. The answer to this question is yes, as long as the homeowners meet some specific conditions. Here is what you must know about property damage from fallen trees. Ownership Matters a Lot: First of all the ownership of the tree would be questioned. Most … Read more
The Benefits of Property Insurance In New York
The culture, pulsating lifestyle, and the delicious bagels alone make New York a city like no other. Having a valuable property in New York is perhaps a person’s biggest aspiration. So, it becomes inevitable that you should safeguard it from any sorts of unforeseen events and calamities such as theft, fire, or other kinds of … Read more
4 Things to Know About Flood Insurance When a Hurricane Strikes
Homeowners’ insurance does not cover property damage caused by floods or hurricanes. So, how do you protect your home and valuables when a hurricane strikes? If you live in a potentially flood-affected area, you probably should look beyond homeowners’ insurance, and get a separate flood insurance policy. Here’s everything you should know about flood insurance … Read more
Vacant Property Insurance Solutions
What to Know About Insuring Vacant Property, Vacant Property Insurance Solutions Vacant Property Insurance Solutions: Vacant Buildings, partial vacant and buildings under construction can be difficult to place coverage but we at Morell have vacant property insurance solutions for you. Many standard insurance companies aren’t comfortable with the exposure. With not many options it’s important to … Read more
Preparing Yourself for Hurricane Season
Hurricane season has begun (June 1 – November 30) and can mean potentially devastating or even deadly conditions for many homeowners. During a hurricane, your home may be damaged or destroyed by many different hazards, including: debris that can break windows and doors; fallen trees and power lines from large storms; destroyed windows, doors and roofing material; basement flooding and even extensive wind damage that can reach hundreds of miles from the storm center.
Why Purchase Flood Insurance?
Why Purchase Flood Insurance?
It’s the most common natural disaster in the United States and is not limited to coastal areas. Flood damage is not covered under a standard homeowners policy.
See what just a few inches of water can do to your home. Watch FloodSmart’s interactive demo. Keep in mind that flood maps have changed recently, so you could be at increased risk for flooding as a result of natural disasters and not know it. Visit floodsmart.gov for a Flood Map Update Schedule.
U.S. Congress Approves Bill for $9.7 Billion in Flood Insurance Claims
Congress approved a bill on Friday for $9.7 billion that the US Senate proposed to assist in the payment of flood insurance claims for businesses, homeowners and renters whose properties were damaged by Hurricane Sandy in late October. This money will be used to replenish the funds for the National Flood Insurance Program (NFIP), which was anticipated to run out of cash this week and leave around 115,000 claims from Sandy unresolved, plus another 5,000 from unrelated storms.
