September is peak hurricane season. Even in a quieter year, the best time to address flood-claim documentation and insurance issues is before severe weather threatens the property. Once property is ...
Many insureds—including sophisticated corporate policyholders—assume that FEMA’s Standard Flood Insurance Policy (“SFIP”) functions like a traditional commercial property policy. It does not. That ...
Floods are devastating, but having flood insurance alleviates some of the stress. After you've filed a claim and it's been paid out, it might seem like you're out of high waters. Unfortunately, prior ...
CBP Air and Marine Operations air crews respond to affected areas along Florida's coast after Hurricane Ian made landfall, September 30, 2022. (CBP photo by Ozzy Trevino) Recovering after a flood can ...
When a severe storm strikes, property owners face two immediate challenges: the physical damage itself and the complex administrative process that follows. Although it can be challenging, ...
Inland areas have suffered severe flooding in recent years, experts note. And standard homeowner policies don’t cover flood damage. By Ann Carrns With the Atlantic hurricane season about to start, ...
SALEM, Ore. (KTVZ) -- As spring rains and seasonal flooding continue to increase the risk of water damage across Oregon, the state Department of Emergency Management says it’s critical for homeowners ...
The U.S. National Flood Insurance Program is going broke. Increased flood strikes in more places, combined with outdated ways of predicting flood risk, are putting property owners at risk and the ...
Flood damage can be financially devastating. According to FEMA, one inch of floodwater in a typical home can cause about $25,000 of damages. While homeowners insurance can help you recover from many ...