In a Kokua Line article by Christine Donnelly which appeared in the Star Advertiser on December 2, 2016 titled “Flood Insurance Safeguards Common Areas of High-Rises”, a reader asked: “ Why is flood insurance needed in high-rise condo units? My residence is on the 30th floor of a condominium inHonolulu. This condo is in a... Continue Reading →
How Freeboarding could save you 15% or more on Flood insurance premiums
I know, I borrowed that slogan from that famous gecko commercial, but the fact that freeboarding could save you a significant amount of money and prevent flooding and flood related damages to your house is undeniable. First, let’s talk about what freeboarding actually is. Freeboard is the elevation of a building’s lowest floor to a... Continue Reading →
Is your home required to have flood insurance FOREVER?
Oftentimes a potential buyer is looking for that certain something special when shopping for a new home or investment property. As a buyer, it is important to fully understand the financial obligation of such a huge commitment. Sometimes that commitment includes a buyer’s acceptance of the property’s increased risk from certain naturaldisasters such as being... Continue Reading →
The 100-Year Flood
Chances are we are not prepared - or at least not as much as we could be - for the occurrence of a natural disaster. Knowing the risk, acting quickly and having a plan in mind in case of a disaster can not only prevent a major damage or loss of a property, but many... Continue Reading →
Are we at the end of the line for the National Flood Insurance Program Reauthorization?
It is a question that is being asked by many experts in the field, flood insurance policy holders, federal and state employees that are directly affiliated with FEMA and NFIP. It is nothing new. Sadly, the potential for lapse has become increasingly common, with six short-term extensions of the program and two brief lapses... Continue Reading →