Found 4 blog entries tagged as FEMA.

When buying a home, flood insurance is a tricky subject.

According to Realtor, it is not the real estate agent’s responsibility to know if a certain home needs flood insurance, but it is their job to disclose all adverse material features, conditions, and aspects of the property.  If an agent does know that it needs flood insurance, has had it in the past, or that the area has recently flooded or is subject to flooding, they must disclose this information.

If the agent knows about these terms, they also should let the buyer know about the new Reform Act for flood insurance and the fact that the rates for the insurance policies will be higher than what the other homeowner paid.  They may not need to know in exact detail about it, but they should be…

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If you will be purchasing a home in an area at risk for flooding—whether it be a high- or low-risk area—there are a few things you need to know about flood insurance.

First off, did you know that flood insurance not only protects your home or business’ structure, but also some of the contents, or personal property, inside of the home?  When purchasing flood insurance for a home or business, you can choose the amount you want covered, just like car insurance.  For the structures, flood insurance covers up to $250,000 for residences, and up to $500,000 for businesses.  If you want extra coverage for your home, business, or its contents, you can purchase an additional insurance policy through another company.

Secondly, did you know when you first buy…

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The National Flood Insurance Program has been around for quite some time.  Recently, however, with storms coming in stronger each year, there have been an increasing number of homeowners putting in claims from these disasters.  Since not all of the homeowners that put in claims had flood insurance, this put a burden on taxpayers’ money to create federal assistance programs to help fix the damaged homes.

The National Flood Insurance Program was originally passed by Congress in 1968.  This program makes flood insurance accessible to homeowners, renters, and business owners in areas where the program was adopted—New York City being one of them.  With the National Flood Insurance Program adopted, it helped many looking for flood insurance to be able to buy…

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goodall_st_flooding_in_great_kills_400Homeowners insurance policies come in all types of packages and have different coverages. Since there are different packages and policy types, we are going to show you what the standard homeowners insurance covers. (This is not a full list of coverage; check your own policy to see what is covered.)


Standard homeowners insurance should cover:


• Fire, lightning, windstorm, hurricane, hail, weight of snow or ice, falling objects, and vehicle or aircraft damage to your home

• Burglary, theft, vandalism, malicious mischief, and glass breakage

•Explosion, riot commotion, and civil commotion

• Water from or freezing of plumbing systems, electrical damage to appliances, electrical wiring, and water heaters or heating system breaks

• Detached garages,…

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