The Benefits of Flood Insurance Versus Disaster Assistance

Only flood insurance covers flood damage. Without it, your recovery options are limited and costly. Your recovery will depend on your savings, your line of credit or the hope that a federal disaster declaration may make State/Federal disaster-related grants and/or U.S. Small Business Administration low-interest loans available.If you live in a Special Flood Hazard Area... Continue Reading →

What is the National Flood Insurance Program’s CRS?

The Community Rating System (CRS) is a voluntary incentive program that encourages communities (counties) to go above and beyond the minimum National Flood Insurance Program requirements for floodplain development and activities. Participation in the CRS is rewarded with flood insurance discounts for it’s policy holders.  There are 10 CRS classes with class 10 being non... Continue Reading →

National Flood Insurance Program: Re-authorization UPDATE 2019

Congress must periodically renew the National Flood Insurance Program’s statutory authority to operate. On December 21, 2018, the President signed legislation passed by Congress that extends the National Flood Insurance Program’s (NFIP’s) authorization to May 31, 2019. NFIP re-authorization is an opportunity for Congress to take bold steps to reduce the complexity of the program... Continue Reading →

Do you live in a “Flood Zone”?

The answer is “YES”. Every property in Hawaii has a flood zone designation. It may not be in a high-risk flood zone (A or V zones) that would require mandatory flood insurance purchase as a condition of a federally regulated loan, but it doesn’t mean that flooding is not possible. In fact, 20% flood insurance... 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 →

Flood Preparation & Safety

Flood can happen anytime and anywhere. And they can happen fast. So whether you live near the water or not, you should always be ready.  BE PREPARED BEFORE THE FLOOD Copy your most important documents (mortgage papers, deed, passport, bank information.) Keep copies in your home and store originals in a secure place outside the... Continue Reading →

Health Safety Following a Flood

Cleaning up after a flood can pose health risks. You and your family should wait to re-enter your home until professionals tell you it is safe, with no structural, electrical or other hazards that may have occurred during the event. Before you start clean-up activities, contact your insurance company and take pictures of your home... Continue Reading →

Flood Risks & Flood Insurance Basics

  The National Flood Insurance Program (NFIP), administered by the Federal Emergency Management Agency (FEMA), enables residents in participating communities to purchase federally backed flood insurance. Currently, more that 21,800 communities participate in the NFIP nationwide. Most homeowners insurance doesn’t cover flooding. Your insurance agent can tell you more about the benefits of flood insurance.... Continue Reading →

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