flood insurance Archives - Statewide Flood Insurance

How to assess Private Flood Insurance

Aaron Farmer — Sun, 18 Sep 2016 23:15:16 +0000

We have multiple private carriers to provide you with the best policy and lowest costs! New York Times: How to assess private flood insurance

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Don’t Roll The Dice on Flood Insurance

Aaron Farmer — Sat, 23 Jan 2016 20:15:19 +0000

http://www.emergencymgmt.com/disaster/Flood-insurance-A-roll-of-the-dice.html

Make sure you call us before you roll the dice on flood coverage. For High risk zones we offer 4 different private markets that can save you

from FEMA’s increases!

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Why more homeowners should buy flood insurance

Aaron Farmer — Mon, 15 Jun 2015 01:43:30 +0000

For many folks in Texas, hurricane season started early. Last week severe rain storms unleashed a torrent of water that triggered flash floods, causing rivers to swell over their banks, flooding homes and businesses. According to reports, over 1,400 homes and as many as 4,000 properties were damaged by flooding caused by those recent storms.

But according to a spokesperson for the Insurance Council of Texas, less than half of the homeowners affected had flood insurance — a special type of insurance that covers losses due to flooding.

To read the entire article click here

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FEMA annouces Higher than Expected Rate Increase effective April 2015

Aaron Farmer — Wed, 17 Dec 2014 04:58:23 +0000

Hundreds of thousands will experience the rate increases… we are your ‘one stop shop’ to save on flood insurance!

Gainesville, FL (PRWEB) December 16, 2014

Effective April 1, 2015, the first wave of FEMA rate increases resulting from the Homeowners Flood Insurance Affordability Act of 2014 (HFIAA) will be instituted. The HFIAA, which was signed into law on March 21, 2014, called for National Flood Insurance Program to limit rate increases to no more than 18% to any one policy with limited exceptions. However, FEMA has interpreted the HFIAA to allow for the total amount charged to the policyholder to increase an average of 19.8 percent for all 5.5 million FEMA policies and an increase of 37% for hundreds of thousands of certain policies.

The most notable exception is that older non-primary residences and older business properties will continue to see annual increases of up to 25%. However, because of a new mandatory $250 surcharge on all non-primary single family residences and 2 or more unit residences, hundreds of thousands of homeowners will see a premium increase of 37% as of April 1, 2015. This increase is 50% higher than the scheduled increases thought to be provided for in the HFIAA.

This new mandatory surcharge and the Federal Policy fee found on every FEMA flood insurance policy are not considered premiums by FEMA, and thus are not subject to the limitations described in the HFIAA. FEMA has admitted that as a result, the increase in the total amount charged to a policy may exceed 18%, which they will on April 1, 2015.

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30-day Countdown to the 2013 Hurricane Season Begins May 2

Aaron Farmer — Sun, 05 May 2013 23:12:52 +0000

WASHINGTON – With just one month until the official start of the 2013 Atlantic hurricane season on June 1, the Federal Emergency Management Agency (FEMA) urges Americans to ensure their families, homes and businesses are prepared for the risks associated with hurricanes and tropical storms…

http://www.fema.gov/news-release/2013/05/02/30-day-countdown-2013-hurricane-season-begins-may-2-0

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Why are you paying for everyones flood insurance?

Aaron Farmer — Tue, 09 Apr 2013 04:05:40 +0000

The government program, NFIP (National FLood Insurance Program) is running in debt. You and I are subsidizing people living on the coastline..However, if you do have to pay for flood insurance you may as well pay the least amount possible.

http://news.yahoo.com/why-paying-everyones-flood-insurance-231731089.html

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FEMA Head says Flood Insurance Rates Going Up

Aaron Farmer — Mon, 08 Apr 2013 04:59:12 +0000

The Head of FEMA recently announced that rates in the NFIP or National Flood Insurance Program are going up. The bottom line here is that the program is not paying for itself and it needs to. The good news is that there are a few private carriers who offer low cost flood quotes to many Californian’s and others in less risky states.

http://www.washingtonpost.com/business/fema-head-says-cost-of-federal-flood-insurance-going-up-3-more-days-notice-coming-on-storms/2013/03/26/eb517188-9676-11e2-8764-d42c128a01ef_story.html

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5 Floods and no flood insurance coverage

Aaron Farmer — Sat, 05 Jan 2013 19:57:24 +0000

You have to feel sorry for this elderly couple who appear to have lost it all.. but they have had 5 floods since 2005 and could not afford to carry the coverage.

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Extending the National Flood Insurance Program in Choppy Waters

Aaron Farmer — Wed, 13 Jun 2012 05:31:59 +0000

Extending the National Flood Program in choppy waters Click here to view the article on FEMA Flood Insurance and the vote to keep it going for the next five years

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Congress and the National Flood Insurance Program

Aaron Farmer — Fri, 11 May 2012 23:48:23 +0000

Congress has until the 31st of May to approve the NFIP, or national flood insurance program. In California we have private flood carriers that are less than 40% of the government program. Another reason to call us for all your flood insurance needs. Read the story here. http://www.usnews.com/opinion/blogs/economic-intelligence/2012/05/09/congress-should-reauthorize-reform-national-flood-insurance-program?msg=1

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