No. A standard NFIP flood policy from FEMA covers no loss of use, no additional living expenses and no temporary housing of any kind. If a flood makes your home uninhabitable, the federal policy pays toward repairing the building and reimbursing contents, and pays nothing toward the hotel, the rental, or the months of double…
For decades, the elevation certificate was a rite of passage for flood insurance in a high-risk zone: hire a surveyor, pay several hundred dollars, wait for the paperwork. Then Risk Rating 2.0 quietly ended the requirement — and left most property owners with no idea whether the certificate still matters. The answer: sometimes very much,…
If your NFIP renewal has gone up almost every year lately, nothing is wrong with your house. That’s the system working as designed — and understanding the design is the first step to deciding whether to keep paying for it. What Risk Rating 2.0 actually changed FEMA’s Risk Rating 2.0 methodology assigns each property a…