Turbulent Year Ahead For Flood Insurance

Before the start of 2018, many predicted political and economic uncertainty.  This proved to be true of the National Flood Insurance Program and the flood insurance market.  In total, 2018 brought three program lapses lasting over eight days with seven short term extensions and a series of Federal Emergency Management Agency leadership and administrative changes.  […]

Sue’s Flood Real Estate Tips: Time to review your flood policy

As we enter 2019, its time to review your annual flood insurance policy.  Review the policy coverage with your current insurer and question the deductible amount. Then it’s time to get a second opinion!  I recently listed a home in an AE flood zone. The homeowner was paying $3,600 for an annual policy with a $2,000 deductible. This premium was high compared to homes in the immediate area. The […]